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Apple's AI-Enabled iPhone 16 Launch Could Open Floodgates For Double-Digit Volume Growth, Says Bullish Analyst: 'Historical One Setting Stage For A Supercycle'

Benzinga LogoBenzinga12h ago

Apple's AI-Enabled iPhone 16 Launch Could Open Floodgates For Double-Digit Volume Growth, Says Bullish Analyst: 'Historical One Setting Stage For A Supercycle' - Benzinga

Quick Summary:

The analyst now estimates initial iPhone 16 shipments to be closer to 90 million+, marking double-digit growth, compared to original Street estimates of 80 million to 84 million units, he said.“We are seeing more indications across the Asia supply chain this iPhone upgrade cycle could be a historical one setting the stage for a supercycle,” Ives said, adding that roughly 300 million iPhones globally haven’t been upgraded in over four years.

Growth Renaissance: Wedbush’s recent Asia checks last week have increased confidence that the upgrade cycle will set in motion a “long-awaited” renaissance of growth for the company over the next year, said Ives in a note.

The analyst forecast iPhone shipments of 240 million units in 2025, thanks to this AI-driven upgrade cycle.


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Apple's AI-Enabled iPhone 16 Launch Could Open Floodgates For Double-Digit Volume Growth, Says Bullish Analyst: 'Historical One Setting Stage For A Supercycle' - Benzinga (Picture 1)

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets:

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Article Type: News Report

Published On: 2024-08-12 @ 06:56:29 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22028095

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