Wedbush: Apple iPhone 12/Pro will be released normally in September
Analyst Wedbush had previously predicted that Apple would release the iPhone 12 series phones. In September, the company still predicts that this will happen. But the latter said all iPhone 12 models cannot be purchased before October.
Due to the impact of the coronavirus epidemic on production and testing at the beginning of the year. The foreign media outlets previously listed three possible situations for the iPhone 12 conference this year:
“First of all, a conference was held in September, and all models were immediately available. But their supplies were limited. Professional models are likely to quickly turn into inventory and delay delivery for a long time.
Secondly, use the same approach as the iPhone X and XR: continue to hold a press conference in September, one or more models will be listed immediately, and other models will be released later.
Thirdly, postpone the presentation until October, so that all models are available immediately in October. ”
Analyst Wedbush previously rejected the third opportunity, and the company’s last note for investors is now more prone to the second situation.
“It’s funny to restore the normalization of the supply chain in advance, and now Apple can finally launch the iPhone 12 5G mobile phone in the traditional time period from mid to late September, and the smartphone will be available in early October.”
However, the company has not made any specific predictions about when the models will be available.
Taskboot understands that Wedbush has long regarded China as a key driver of 5G iPhone 12 sales. And said it expects Apple to work hard at all levels, from the mid-range iPhone SE to the upcoming flagship.
“China remains a key factor in Apple’s product for success. Because we estimate that approximately 20% of iPhone upgrades in the coming year will come from this region. We believe that in China alone, there will be 60 to 70 million iPhone upgrade opportunities in the next year. In the window period, despite the competitive pressure from domestic manufacturers, Apple will aggressively advance at all price points (SE, iPhone 12) to consolidate its foundation.”
The analyst has raised the 12-month target price of Apple’s stock from $425 to $450.
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