On the morning of March 8, Wedbush analysts estimated that in the first year of the iPhone SE's release, Apple could ship approximately 30 million units of this product.
In a note to investors, Wedbush analyst Daniel Ives laid out his expectations for Apple's spring event, focusing primarily on what he called the "highlight" of the event: a new iPhone SE, likely priced at $399 and featuring an A15 chip and 5G connectivity.
"We don't expect major changes in the exterior design, as Apple's chip upgrades and 5G will be the headlines of this event."
Analysts predict that iPhone SE sales could reach 30 million units within a year of its debut due to pent-up demand, and Ives called the 30 million forecast "conservative."
However, this figure is higher than the estimated sales of the iPhone SE in its first year in 2020. Although Apple does not have official data, third-party estimates put the sales in the first year at about 24 million units.
The device's low price point is a "standout" selling point, especially when compared to competing devices, and Ives believes the iPhone SE can help Apple take more market share from Android rivals in its relatively affordable segment.
In addition to the updated iPhone SE, Ives also expects Apple to launch a new "iPad Air 5" equipped with an A15 chip and at least one new Mac model. These predictions were also mentioned by Sina Digital. You can read this article for a review
Despite possible supply issues, the iPhone growth story is still going as expected, and Ives called Apple stock a "safe choice worth owning during market volatility." Based on Wedbush's 2022 estimates, the analyst maintained an Overweight rating and $200 12-month price target on Apple.
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