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iPhone 7 Inventories Are Declining Ahead of the iPhone 8 Rumor Mill

"Generous" carrier promotions saw a decline in iPhone 7 store inventories.

iPhone (AAPL) - Get Apple Inc. Report inventories fell month over month to just under four days from five days in January, according to Pacific Crest Securities. The decline in store inventories may have resulted from a series of promotions offered by AT&T (T) - Get AT&T Inc. Report , Sprint (S) - Get SentinelOne, Inc. Class A Report and T-Mobile (TMUS) - Get T-Mobile US, Inc. Report last month. The upcoming iPhone 8 is expected to have a serious impact on sales of the iPhone 7. 

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Apple iPhone 7 and Samsung Galaxy S7 Inventories Both Fall, But the iPhone 8 May Be the Real Winner

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This article was written by a staff member of TheStreet.