“An unprecedented number of customer switches to Apple Inc.’s iPhone from [phones running] Google Inc.’s Android may help boost the iPhone installed base 26% year-over-year to 505 million users in 2015, according to Canaccord Genuity analysts, who raised their price target on Apple to $160 from $155 Monday morning,” Jennifer Booton reports for MarketWatch.
“They also estimate that only 20% of the current iPhone installed base had upgraded to iPhone 6 smartphones by the end of the second quarter,” Booton reports, “leaving more room for growth among Apple’s existing customer base.”
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MacDailyNews Take: As predicted long before iPhone 6/Plus were unveiled.
Google’s Larry Page: How well is your ‘thermonuclear war’ working, Apple? – January 17, 2013
Steve Jobs: ‘I’m going to destroy Android, because it’s a stolen product; I’m willing to go thermonuclear war on this’ – October 20, 2011