One analyst says that 5G iPhone sales expectations are too lowAnd has upped his target AAPL price to $305
What you need to know
A Piper Jaffray analyst says sales expectations for a 5G iPhone are too low.
More than a third of surveyed iPhone users said they would upgrade to an iPhone that cost $1,200.
He's also raised his target price of AAPL to $305.
Piper Jaffray analyst Michael Olson says sales expectations for a 5G iPhone are too low, off the back of a survey which suggests many people want to upgrade to a 5G iPhone, even at an increased price.
According to AppleInsider:
Looking forward, Olson sees a "perfect storm" with the existing iPhone expected to perform at least at estimated sales volumes, and non-iPhone sales, specifically wearables like the Apple Watch, AirPods, and AirPods Pro "trending better than expected" through the end of the year.
Olson reportedly polled over a thousand iPhone users to see if they would upgrade to a 5G iPhone, even if it cost $1200. One third said yes. That matches a similar September survey and ...
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One analyst says that 5G iPhone sales expectations are too low
