With slump in iPhone sales, are we post Peak Smartphone?

Customers leave the Apple store in the Brooklyn borough of New York, Thursday, Jan. 3, 2019. Apple's shock warning that its Chinese sales are weakening ratcheted up concerns about the world's second largest economy and weighed heavily on global stock markets as well as the dollar on Thursday. (Mary Altaffer/AP)

Customers leave the Apple store in the Brooklyn borough of New York, Thursday, Jan. 3, 2019. Apple's shock warning that its Chinese sales are weakening ratcheted up concerns about the world's second largest economy and weighed heavily on global stock markets as well as the dollar on Thursday. (Mary Altaffer/AP)

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