Demand for the Apple Inc. AAPL, -0.21% iPhone is poised to skyrocket thanks to new 5G devices, according to Wedbush analysts, who raised their price target to $350 from $325 and maintained their outperform stock rating in a Monday note. Apple faced a number of challenges at the start of 2019, including smartphone competition, diminished demand in China and a lack of 5G innovation. Now, China is in better shape, Apple has settled its lawsuit with Qualcomm and brought the iPhone 11 to market. "We believe iPhone 11 is just the front end of this current 'supercycle' for Cupertino with a slate of 5G smartphones set to be unveiled in September that will open up the floodgates on iPhone upgrades across the board that the Street continues to underestimate," analysts wrote. Analysts say five versions of the iPhone will launch in 2020 and "supplier checks indicate a double digit increase for expectations for overall units (10%+ year-over-year)." Wedbush thinks 200 million units will be the "starting point" with 350 million iPhones within range for an upgrade. Apple stock us up 85.4% over the past year while the S&P 500 index SPX, +0.49% has gained 33.3% and the Dow Jones Industrial Average DJIA, +0.28% is up 26.8% for the period.
https://www.marketwatch.com/story/apple-iphone-demand-will-soar-in-2020-with-launch-of-5g-say-wedbush-analysts-2019-12-23
2019-12-23 12:57:00Z
CBMieWh0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS9hcHBsZS1pcGhvbmUtZGVtYW5kLXdpbGwtc29hci1pbi0yMDIwLXdpdGgtbGF1bmNoLW9mLTVnLXNheS13ZWRidXNoLWFuYWx5c3RzLTIwMTktMTItMjPSAU9odHRwczovL3d3dy5tYXJrZXR3YXRjaC5jb20vYW1wL3N0b3J5L2d1aWQvRTI3Q0YxNjAtQzEyNi00NjhCLTlCODAtOURBMkYwQzkxRkFD
Bagikan Berita Ini
0 Response to "Apple iPhone demand will soar in 2020 with launch of 5G, say Wedbush analysts - MarketWatch"
Post a Comment