Apple expected to sell 250 million iPhones in 2021: Analyst

Wedbush analyst Daniel Ives (Daniel Ives) stated in a report that from the perspective of the supply chain, users’ demand for the iPhone 12 series even exceeds the previous most optimistic expectation. The only thing that can match it is the 2014 iPhone 6.

Based on the current iPhone 12 5G demand, we have become more and more optimistic about the trend of the iPhone market, and now it even exceeds (previously expected) The’bull market scenario’ in FY21.” The current Apple sales record is 232.2 million iPhones set by the iPhone 6 in 2015.

According to its survey, the supply chain predicts that the total iPhone shipments in the December quarter will reach 95 million. If this trend continues during the (Christmas) holiday season, Ives predicts that Apple’s shipments will be in 2021 Compared with Wedbush and Wall Street forecasts, the “over 240 million units” in the year increased by approximately 35%.

The analyst bluntly said that Apple’s highest iPhone shipments next year may reach about 250 million units. The iPhone 12 supercycle will be a major positive for Apple stock in the coming months. In addition, he also believes that all iPhone models released by Apple in 2021 are expected to be equipped with LiDAR sensors.

The analyst also reiterated their views on the iPhone “supercycle” (about 350 million of the 950 million iPhones worldwide are in the replacement period). Given the strong demand and strength of the Chinese market, Ives believes that Apple’s current development trajectory means an “unprecedented upgrade cycle.” Based on this, Apple’s stock price closed up 0.89% yesterday, with a market value of over 2.19 trillion.

(Source)