Android Phone Brands May Face iPhone Problem Soon
Apple’s upcoming iPhone SE 5G has the potential to attract more than a billion non-premium Android users, analysts at JP Morgan said on Monday. The company is expected to launch the iPhone SE with 5G capabilities in early 2022, according to media and brokerage, analysts adding that the model will allow Apple to target the mid-range smartphone market dominated by competitors such as Samsung. Electronics and Huawei. Technologies. The upcoming smartphone has the potential to attract nearly 1.4 billion low and mid-range Android phones and around 300 million users of older iPhone models, the brokerage firm estimated.
“Apple’s trade-in program for non-iPhones is certainly not as attractive as iPhone trade-in values, it could nonetheless lead to an average starting price range of $ 269 (around 20,400 Rs) to $ 399 (around Rs 30,200) for the iPhone SE 5G, which is still very competitive, ”said analyst Samik Chatterjee, who gave Refinitiv Eikon five stars for the accuracy of its estimate. The iPhone SE currently starts at $ 399, compared to $ 799 (around Rs. 60,600) for the iPhone 13 and $ 999 (around Rs 75,700) for the iPhone 13 Pro.
Since launching the iPhone 13 lineup and new iPads in September, Apple has struggled to address the global chip shortage and supply chain disruptions. Meanwhile, Apple shares have extended their march, with the company closing in on $ 3 trillion (roughly Rs 22.214.171.124 crore) in market capitalization.
In a separate note, JP Morgan said consumer demand for major upgrades like 5G models is expected to remain strong and also a priority for procurement, although it is declining for most hardware products, especially smartphones. , televisions and PCs. The brokerage raised its estimates for iPhone SE unit sales for fiscal 2022 to 30 million units and expectations of annual iPhone shipments to 250 million units, or 10 million more than ‘one year earlier.
JP Morgan raised its target price for Apple to a high of $ 210 (around Rs 15,900) from $ 180 (around Rs 13,600), according to Refinitiv Eikon.
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