If this is a genuine question then the answer is: never. Do you understand what would happen to their stock price when they announce they won’t be releasing a new iPhone every year? “Crater” would not even begin to describe it.this is only tangently related, but when is Apple going to stop the yearly release cycle? this year‘s upgrade was very underwhelming. The product is very mature. It’s time to stop the yearly upgrades. they don’t do that with their computers why do it with the iPhones? It’s not Apple‘s fault, there’s just very little innovation to be done anymore on a smartphone.
Stock holders expect a new release each year, and they expect growth year over year as well.