IPhone business is still very healthy. Even if it seemed difficult for him to stay in time with the same strength, the truth is that still critical for Apple. And, while for now it looks like they don’t live up to all expectations, it might have a few more surprises in store for you this year. Especially with the new iPhone.
Not only are customers expecting the next generation of iPhones, but analysts and investors too. An iPhone 13 which seems like an interesting update on the Pro models, with improvements in the screen, and in its cameras, among others. A device that could be another big hit for Apple. At least, they think so of JPMorgan.
As shared by Business Insider, at JPMorgan they expect the next iPhone 13 to have the same demand as the generation iPhone 11. They consider that features like 5G will continue to push users to change devices, with more force if possible. The confidence is such that they think Apple could return to the uptrend.
As for the number of iPhones sold, the truth is that they also see a bright future. JPMorgan predicts that in fiscal 2022, Apple will achieve sales of 226 million iPhones. A most optimistic prediction, compared to others which predict sales of 210 or 215 million units.
For these reasons, the bank marked a new price target for Apple stock at $ 170 of the previously marked 165 dollars. As of today, July 9, the stock’s value is approximately $ 143. It is therefore a fairly significant and interesting revaluation for investors.
For the moment, the company still has quite a few tricks up its sleeve. In this second semester, Apple is expected to launch several new products on the market. Not just a new iPhone, but also new Apple Watch and Mac. Overall, a 2021 close looks pretty active for the California company.
