Apple is rumored to launch a third-generation iPhone SE in early 2022 with 5G connectivity. According to J.P. Morgan analysts, this phone has the potential to attract “nearly 1.4 billion low-to mid-end Android phones and about 300 million older iPhone model users.”
Apple’s third-gen iPhone SE has the potential to attract nearly 1.4 billion Android users
As reported by Reuters, Apple’s long-rumored third-generation iPhone SE has the potential to attract more than a billion non-premium Android users, J.P. Morgan analysts said.
“Apple’s trade-in program for non-iPhones is admittedly not as attractive as the iPhone trade-in values, it could nonetheless lead to an average starting price range of $269 to $399 for the 5G iPhone SE, which is still very competitive,” analyst Samik Chatterjee, rated five stars on Refinitiv Eikon for his estimate accuracy, said.
In a separate note, J.P.Morgan said consumer demand for major upgrades like 5G models is expected to remain strong and also a priority for supply, even as it wanes for most hardware products including smartphones, TVs and PCs.
The latest report on the smartphone from Taiwanese research firm TrendForce points to a release in the first quarter of 2022. TF Securities analyst Ming-Chi Kuo has previously said the device may arrive in the first half of 2022.
According to Kuo, the next-generation iPhone SE will have a similar design to the current model with a 4.7-inch LCD panel, unlike high-end iPhones which feature OLED panels. While there is no major redesign expected for the smartphone, it will receive major internal upgrades including the A15 chip which is featured in the iPhone 13 lineup, and 5G connectivity.
J.P. Morgan analysts also estimate a rise in iPhone SE “unit sales to 30 million units and annual iPhone shipments expectations to 250 million units, 10 million higher than a year earlier.”
With the Cupertino tech giant inching closer to becoming the first company with a $3 trillion market value, tapping into the massive market of Android users planning on getting a 5G phone would help propel future growth.
While the iPhone SE is known for being a budget-friendly option, Android manufacturers are launching a ton of smartphones in the mid-range connectivity featuring 5G connectivity. While J.P Morgan analysts are optimistic about how the next-gen iPhone SE will fare, Apple is up for a lot of competition in the market.