Apple’s iPhone 15 Series Exceeds Expectations, Predicts Analyst
Renowned Apple analyst Ming-Chi Kuo has predicted that Apple’s recently released iPhone 15 series will surpass expectations. Kuo also forecasts that Apple’s fiscal Q4 iPhone revenue and profits will outperform projections.
Kuo estimates that approximately 80 million iPhone 15 series phones will be shipped in the second half of this year, representing a 5.3% increase compared to the previous iPhone 14 series. This strong growth indicates the popularity of Apple’s latest offering among consumers.
The iPhone 15 Pro Max is expected to be the primary growth driver for Apple’s iPhone business in Q4 2023. Kuo predicts a significant order increase of 25% compared to its predecessor, highlighting the demand for the flagship device.
Sales of the iPhone 15 Plus are also exceeding expectations, demonstrating the strong interest in the larger-sized model. However, Kuo suggests that the standard iPhone 15 and iPhone 15 Pro may require a price reduction in order to meet their sales targets.
Despite the positive outlook for Apple’s iPhone 15 series, the company’s shares have been showing weakness in the market. On Friday, the stock closed at $174.79, resulting in a market valuation of $2.73 trillion. This dip in share value could be attributed to broader market trends or other factors impacting investor sentiment.
As the smartphone market continues to evolve and competition intensifies, Apple’s ability to maintain its position as a market leader will rely on the success of its latest iPhone models. With the iPhone 15 series performing well and projected to outperform expectations, the company appears to be on track for another successful year.
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