Yes, I agree. Smartphone shipments will be down overall but people still need phones and among Apple's line up, this is probably going to be the most attractive as people tighten their belts.Likely correct - it’s still good for Apple to have a lower priced iPhone available to secure some of that market from its competitors.
I've been waiting for this since last year and like I mentioned, I'm buying a couple myself to replace 4 year old phones. Right now, sometimes my iPhone 7 just goes from 100% to 0% and needs to be plugged in to turn on at which point it shows 100% again. 😓