Here We Go Again: iPhone 12 Said to Generate an Upgrade Supercycle
Apple will take the wraps off the new-generation iPhone in September, and just like it happens every single year, the upgraded models are expected to generate an upgrade supercycle.
In other words, the new iPhones are supposed to be so successful that they would finally convince those sticking with older models to upgrade, which would basically be a win-win for both customers and Apple.
Not only that buyers get the latest and greatest that Apple has to offer, but Cupertino also sells more iPhones.
And Wedbush analysts Daniel Ives and Strecker Backe explain in a note to investors that this year the supercycle would be powered by 5G, the new technology that the 2020 iPhones would help become more mainstream.
China to remain a key cash cow
But more importantly, the new iPhones could help Apple reach $2 trillion valuation sometime next year, the analysts say.
“We believe during 2021 Apple will be the first $2 trillion valuation given the 5G tailwin… (read more)
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