Apple's iPhone SE 5G Could Help Attract Over a Billion Android s 92668 JP Morgan

iPhone SE (2022) said to have the potential to lure nearly 1.4 billion low- to mid-end Android s. 3p5833

By Reuters | Updated: 14 December 2021 13:11 IST

Apple's iPhone SE 5G Could Help Attract Over a Billion Android s: JP Morgan

Apple is expected to unveil Phone SE with 5G capabilities in early 2022 301t5

Highlights

Apple is expected to launch iPhone SE 5G as a mid-range smartphone
iPhone SE price currently starts from $399 (roughly Rs. 30,200)
Apple has unveiled iPhone 13 range and new iPads in September this year

ment

Apple's iPhone SE 5G has the potential to attract more than a billion non- Android s, JP Morgan analysts said on Monday.

The company is expected to launch the Huawei Technologies.

The smartphone has the potential to lure nearly 1.4 billion low- to mid-end Android phones and about 300 million older iPhone model s, the brokerage estimated.

iPhone SE (2020) Starts at Rs. 27,999 in Flipkart Big Bachat Dhamaal Sale

"Apple's trade-in program for non-iPhones is ittedly not as attractive as the iPhone trade-in values, it could nonetheless lead to an average starting price range of $269 (roughly Rs. 20,400) to $399 (roughly Rs. 30,200) for the 5G iPhone SE, which is still very competitive," analyst Samik Chatterjee, rated five stars on Refinitiv Eikon for his estimate accuracy, said.

The iPhone SE currently starts from $399, compared with $799 (roughly Rs. 60,600) for the iPhone 13 and $999 (roughly Rs. 75,700) for the iPhone 13 Pro.

Since launching the Apple has scrambled to keep up with the global chip shortage and supply chain disruptions.

iPhone SE (2022) Tipped to Be Powered by A15 Bionic, 5G

Meanwhile, Apple's shares have extended their march, with the company inching closer to the $3 trillion (roughly Rs. 2,27,72,115 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 supply, even as it wanes for most hardware products including smartphones, TVs and PCs.

The brokerage raised its estimates for fiscal 2022 iPhone SE unit sales to 30 million units and annual iPhone shipments expectations to 250 million units, 10 million higher than a year earlier.

JP Morgan raised its target price for Apple to a Street high of $210 (roughly Rs. 15,900) from $180 (roughly Rs. 13,600), according to Refinitiv Eikon.

© Thomson Reuters 2021

This week on Orbital, the Gadgets 360 podcast, we discuss iPhone 13, new iPad and iPad mini, and Apple Watch Series 7 — and what they mean to the Indian market. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

links may be automatically generated - see our ethics statement for details.

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.