Analysts Claim Apple is Back on Schedule for September iPhone 12 Launch

Analysts Claim Apple is Back on Schedule for September iPhone 12 Launch

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In a research note obtained by 9to5Mac, analysts at Wedbush claim that Apple's suppliers have overcome coronavirus delays putting the company back on schedule to launch its next generation iPhones in September.

The supply chain getting back to normalization ahead of expectations has been impressive and now ultimately puts Cook & Co. back in the drivers seat to launch this 5G cycle in its typical mid-late September timeframe

The analysts also predict that this release will be a super-cycle for Apple due to the introduction of 5G. They say AAPL could hit $425 within twelve months.

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We believe during 2021 Apple has strong potential to be the first $2 trillion valuation given the 5G tailwinds and services momentum potential over the coming years […] and the stage is setting for a massive pent up iPhone 12 cycle heading into the Fall in this key region as well as globally […]

Our recent Asia checks and supply chain contacts are now looking at iPhone units in the 160 million to 180 million range for CY20 with strong underlying momentum into CY21 on the heels of iPhone 12 which remains the linchpin to our “5G super cycle thesis” on Apple.

The services business we assign a $600 billion to $650 billion valuation range given the increasingly importance of this key revenue stream that is getting a new appreciation by investors during this COVID-19 pandemic, as Cook & Co. continue to stress the software/hardware ecosystem during WWDC this week virtually with developers front and center.
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Notably, Wedbush corroborates a report from analyst Ming-Chi Kuo that suggests Apple will no longer include EarPods in the box with every iPhone, boosting sales of the company's popular AirPods.

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[via 9to5Mac]


Analysts Claim Apple is Back on Schedule for September iPhone 12 Launch

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