People don't need to carry wallets anymore. No cash, no physical plastic credit card. It's little surprise that the purse will trend smaller as people need to carry less and less inside it.
Apple is hitting a revenue growth plateau, which means the time has come to expand into adjacent categories. In a world where people put their phones into purses, why not the purse? And at a Apple-brand price point to match?
People don't need to carry wallets anymore. No cash, no physical plastic credit card. It's little surprise that the purse will trend smaller as people need to carry less and less inside it.
Apple is hitting a revenue growth plateau, which means the time has come to expand into adjacent categories. In a world where people put their phones into purses, why not the purse? And at a Apple-brand price point to match?