Iphone 13 Pro Max Display Bleen

Apple Sold Over 40 Million iPhone 13 Models During the Holiday Season, Says Wedbush Analyst

Apple Sold Over 40 Million iPhone 13 Models During the Holiday Season, Says Wedbush Analyst

Apple bought north of 40 million iPhone 13 fashions over the vacation interval in a file quantity for the firm, regardless of industry-wide chip shortages, based on Wedbush analyst Daniel Ives.

Iphone 13 Pro Max Display Bleen
Last 12 months, reports began emerging that demand for ‌iPhone 13‌ fashions was slowing forward of the holidays as supply estimates for ‌‌iPhone 13‌‌ fashions began to enhance.

However in a brand new observe to buyers, seen by Thereviewland, Ives stated demand remained sturdy for the present iPhone cycle going into 2022, with demand outstripping provide be a number of million models in the December quarter, a constructive signal for Apple as provide chain points start to resolve themselves in the first half of this 12 months.

Based on our provide chain checks over the previous few weeks, we consider demand is outstripping provide for Apple by roughly 12 million models in the December quarter which now will add to the tailwinds for Cupertino in the March and June quarters as the provide chain points ease in 1H22.

According to Ives, China has been a serious supply of energy for Apple over the final 12 months and a key area for ‌iPhone‌ gross sales, notably in relation to elevated market share on account of the “multi-year supercycle” afforded by the iPhone 12 and ‌iPhone 13‌.

According to Ives, roughly 230 million of 975 million ‌iPhone‌ customers worldwide have not upgraded in the final three and a half years, and the analyst believes Apple’s persevering with smartphone gross sales will present extremely influential tailwinds as pleasure builds for Apple’s much-anticipated mixed reality headset, which is anticipated to be introduced in the summer season.

Ives says the “linchpin” to Apple’s valuation re-rating stays its companies enterprise, taking in the likes of Apple Music, iCloud, Apple TV+, and Apple Fitness+, which Wedbush believes is now price $1.5 trillion. On that foundation, Wedbush predicts that regardless of stories of provide constraints, Apple’s chip shortages are a “transitory issue” and “nothing more than a speed bump” on the approach to Apple changing into the first $3 trillion market cap firm in 2022.

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