Apple’s upcoming iPhone SE 5G could aid attract billion-plus Android customers: J.P.Morgan

Apple Inc’s upcoming iPhone SE 5G has the possible to attract greater than a billion non-premium Android individuals, J.P. Morgan analysts claimed on Monday.

The firm is anticipated to introduce the iPhone SE with 5G capabilities in very early 2022, according to media reports as well as the broker agent, with the experts including the design will permit Apple to target the mid-range smart device market controlled by rivals such as Samsung Electronic Devices and also Huawei Technologies.

The upcoming smartphone has the possible to tempt almost 1.4 billion low- to mid-end Android phone and concerning 300 million older apple iphone model customers, the broker agent estimated.

“Apple’s trade-in program for non-iPhones is admittedly not as eye-catching as the apple iphone trade-in values, it can nevertheless result in an ordinary beginning price series of $269 to $399 for the 5G iPhone SE, which is still extremely competitive,” analyst Samik Chatterjee, rated 5 star on Refinitiv Eikon for his price quote precision, stated.

The apple iphone SE currently begins with $399, compared to $799 for the apple iphone 13 and $999 for the apple iphone 13 Pro.

Given that launching the iPhone 13 range and also new iPads in September, Apple has clambered to stay on par with the worldwide chip scarcity and supply chain disturbances.

On the other hand, Apple’s shares have extended their march, with the firm inching closer to the $3 trillion in market capitalization.

In a different note, J.P.Morgan said consumer demand for significant upgrades like 5G models is expected to stay strong and additionally a top priority for supply, also as it winds down for most equipment products consisting of smart devices, TVs and PCs.

The brokerage firm raised its price quotes for fiscal 2022 iPhone SE unit sales to 30 million devices as well as annual iPhone shipments assumptions to 250 million units, 10 million more than a year earlier.

JPM increased its target cost for Apple to a Road high of $210 from $180, according to Refinitiv Eikon.