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Would You Buy an iPhone Now? Coronavirus Tests Demand for Apple’s Flagship Product

After losing his job last week as a sports-radio producer, Adam Michaels scrutinized his family’s spending. Among this year’s planned cutbacks amid the economic devastation wrought by the coronavirus pandemic: no new iPhones.

It is a departure for the 42-year-old Chicago-area resident, who typically buys his family four new iPhones every two years. “The expense is not worth it right now,” Mr. Michaels said.

The…

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