Experts expect strong sales of the new Apple iPhone

Wall Street analysts predict high sales of new iPhones from Apple Inc. (AAPL) worldwide, and especially in the United States and China. Optimistic forecasts of specialists can support the company’s stock quotes. At the auction on March 24, AAPL stock was worth $174.07.

On Wednesday, March 23, Wedbush analysts suggested that the new iPhone smartphones will face “stellar demand around the world.” Already, there are high sales of the iPhone 13 in the United States and especially high in China, where Apple has increased another 3% market share. In addition, Wedbush notes Apple is at the beginning of a long product cycle, because the recently announced smartphone can start strong sales of the company’s next new product (planned in the fall of 2022).

Analysts expect that this year Apple will sell 30 million newly introduced iPhone SE with 5G support, and the cycle of strong sales will last at least 12-18 months. Note that a cheap price characterizes these smartphones – about $430 – with high functionality, close to the more expensive iPhone 13 smartphone. Note that Apple, which has been increasing sales of services in recent quarters, is interested in maximizing the expansion of the user base. In the long term, this can ensure higher sales of Apple services, because the company is ready to reduce the sales margin to form the widest possible loyal audience.

Investment bank J.P. Morgan, which also bases its positive expectations on data on strong sales of the iPhone 13 and iPhone SE, held a similar forecast regarding Apple’s future growth. The company’s analysts maintained the “above market” recommendation for Apple shares and also confirmed the target price of $210. Wall Street analysts, on average, expect about a one-and-a-half-year sales cycle, and the growth of Apple stock prices until the end of 2023.