Apple’s Upcoming iPhone SE 5G Could Help Attract Billion-Plus Android Users

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Apple’s upcoming iPhone SE 5G has the potential to draw greater than a billion non-premium Android customers, JP Morgan analysts mentioned on Monday.

The firm is predicted to launch the iPhone SE with 5G capabilities in early 2022, in line with media experiences and the brokerage, with the analysts including the mannequin will enable Apple to focus on the mid-range smartphone market dominated by rivals reminiscent of Samsung Electronics and Huawei Technologies.

The upcoming smartphone has the potential to lure almost 1.four billion low- to mid-end Android telephones and about 300 million older iPhone mannequin customers, the brokerage estimated.

“Apple’s trade-in program for non-iPhones is admittedly not as attractive as the iPhone trade-in values, it could nonetheless lead to an average starting price range of $269 (roughly Rs. 20,400) to $399 (roughly Rs. 30,200) for the 5G iPhone SE, which is still very competitive,” analyst Samik Chatterjee, rated 5 stars on Refinitiv Eikon for his estimate accuracy, mentioned.

The iPhone SE at the moment begins from $399, in contrast with $799 (roughly Rs. 60,600) for the iPhone 13 and $999 (roughly Rs. 75,700) for the iPhone 13 Pro.

Since launching the iPhone 13 vary and new iPads in September, Apple has scrambled to maintain up with the worldwide chip scarcity and provide chain disruptions.

Meanwhile, Apple’s shares have extended their march, with the corporate inching nearer to the $three trillion (roughly Rs. 2,27,72,115 crore) in market capitalization.

In a separate observe, JP Morgan mentioned shopper demand for main upgrades like 5G fashions is predicted to stay robust and likewise a precedence for provide, even because it wanes for many {hardware} merchandise together with smartphones, TVs and PCs.

The brokerage raised its estimates for fiscal 2022 iPhone SE unit gross sales to 30 million items and annual iPhone shipments expectations to 250 million items, 10 million greater than a 12 months earlier.

JP Morgan raised its goal worth for Apple to a Street excessive of $210 (roughly Rs. 15,900) from $180 (roughly Rs. 13,600), in line with Refinitiv Eikon.

© Thomson Reuters 2021

This week on Orbital, the Gadgets 360 podcast, we talk about iPhone 13, new iPad and iPad mini, and Apple Watch Series 7 — and what they imply to the Indian market. Orbital is obtainable on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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