Shares of telecommunications companies rose slightly, but remained slightly lower on the week on concerns about the outlook for iPhone X sales.
Some investors had placed bets that telecom carriers would benefit from a "supercycle" in iPhone upgrades, which would allow them to move customers into pricier data plans to take advantage of the new phone's features. Now investors fear that adoption of the iPhone X may not be as widespread as previously hoped.
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-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
December 28, 2017 17:06 ET (22:06 GMT)