Wait for big upgrade dents iPhones sales

Apple reported falling iPhone sales, highlighting the need to deliver blockbuster new features in the next edition of the flagship device if the company is to fend off rivals like Samsung Electronics Co.
 
Investor confidence has been mounting ahead of a major iPhone revamp due later this year. Yet competitors released new high-end smartphones recently, putting pressure on Apple to deliver a device that’s advanced enough to entice existing users to upgrade and lure new customers.
 
Apple sold 50.8 million iPhones in the quarter ended April 1, down from 51.2 million units in the same period a year