JP Morgan analysts say Apple’s upcoming 5G iPhone SE is likely to attract more than a billion non-premium Android users.
The company is expected to launch iPhone SE with 5G . capabilities in early 2022, as reported by media and brokerage firms, with analysts adding this model would allow Apple to target the mid-range smartphone market dominated by rivals. as Samsung Electronics and Huawei Technology.
The broker estimates that the upcoming smartphone is likely to attract nearly 1.4 billion low- to mid-range Android phones and around 300 million older iPhone model users.
“Admittedly, Apple’s non-iPhone money exchange program is not as attractive as Iphone worth the trade-off, however, it can lead to an average starting price range of $269 (approximately Rs 20,400) to $399 (approximately Rs 30,200) for the iPhone SE 5G, which is still very competitive”, the house said. analyst Samik Chatterjee, which rates five stars on Refinitiv Eikon for his estimation accuracy, said.
The iPhone SE now start at $399, compared to $799 (about Rs. 60,600) for the iPhone 13 and $999 (about Rs. 75,700) for the iPhone 13 Pro.
Since launch iPhone 13″ range and new iPad in September, Apple has been trying to keep up with global chip shortages and supply chain disruptions.
Meanwhile, Apple stock has expanded their march, with the company inching closer to $3 trillion (about 2,27,72,115 crore) market capitalization.
In a separate note, JP Morgan said consumer demand for major upgrades such as 5G models is expected to remain strong and also a priority for supply, even as it declines for most hardware products. Hardware includes smartphones, TVs and PCs.
The brokerage has raised its fiscal 2022 iPhone SE sales estimate to 30 million units and annual iPhone shipments to 250 million units, 10 million more than a year earlier.
JP Morgan raised its price target for Apple to a top of the Street of $210 (about Rs 15,900) from $180 (about Rs 13,600), according to Refinitiv Eikon.
© Thomson Reuters 2021
