Supply chain reports point to Apple’s preparation for next year’s double-digit growth in iPhone sales, with signs indicating that a high proportion of iPhone owners will upgrade to 5G.
One Apple analyst claims the prospects of the iPhone for 2020 and beyond are overlooked by Wall Street.
The optimistic view of Wedbush is based on a mix of factors, starting with early supply chain signals.
There are currently nearly 900 million iPhone users, and Wedbush believes more than a third of them are likely to upgrade for next year’s 5G.
The analysts say Apple has already demonstrated an ability to exceed expectations while presenting a rosier picture than the Wall Street consensus.
This follows an even more bullish suggestion that Apple expects next year to position 100 M orders on the iPhone 12 compared to around 80 M on the iPhone 11.