Wedbush analyst Dan Ives believes the release of the iPhone 5G is the main driver of the supercycle – the release of the new Apple device, when consumers start massively changing old devices to new ones. At other times (outside the supercycle), sales do not differ much, as the owners of the “apple” electronics are happy with what they have.
Ives raised forecasts for Apple’s stock price in 2020 by 25% to $ 350. According to the analyst, next year the American corporation will release four iPhone models with support for 5G networks. So far, the level of coverage is low (in the USA, in particular), but in 2020 the situation will change.
According to CNBC, the release of the iPhone 5G will spur the sale of smartphones, which are constrained by the reluctance of people to spend money on new mobile phones.