How many inflections are there in the Lyapunov spectrum?

Iommi & Kiwi showed that the Lyapunov spectrum of an expanding map need not be concave, and posed various problems concerning the possible number of inflection points. In this paper we answer a conjecture of Iommi & Kiwi by proving that the Lyapunov spectrum of a two branch piecewise linear map has at most two points of inflection. We then answer a question of Iommi & Kiwi by proving that there exist finite branch piecewise linear maps whose Lyapunov spectra have arbitrarily many points of inflection. This approach is used to exhibit a countable branch piecewise linear map whose Lyapunov spectrum has infinitely many points of inflection.