As Apple’s iPhone 11 hits shelves around the world, preorders suggest solid demand

Martin Baccardax for TheStreet:

Apple Inc. offered it latest smartphone for general sale around the world Friday, with analysts betting the new iPhone 11 will be a key sales driver for the tech giant heading into the key holiday season.

Apple CEO Tim Cook officially opened the company’s newly-revamped flagship store in mid-town Manhattan, kicking off what Apple would describe as a week of celebrations for the 12-year old location…

JPMorgan said Friday that it expects the iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max to be the largest driver of Apple smartphone shipments over the next 12 months, and maintained its calendar 2019 forecast of 184 million units in sales of its entire iPhone suite. The bank sees that number improving to 195 million units in the 2020 calendar year.

MacDailyNews Take: Next year’s crop of iPhones with 5G will usher in a super cycle that could see Apple topping 200 million iPhone units in calendar 2020. Not that we’ll ever know for sure, unless Apple drops a special mention in an event or conference call, but we’ll at least see what the estimates show after the 5G iPhones hit the shelves.

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

2 Comments

  1. Looks like demand is strong in France, went to pre-order an iPhone 11 three days ago and got distracted. Had I completed the order it said I would have received it by courier on Monday. Finished the order yesterday afternoon and got told it would ship after the 3rd next month. Bummer. Mind you now forced to wait for 13.1.

  2. Yes, I see iPhone demand was so high, the stock price was driven down. That makes a lot of sense. I’m getting the feeling that expectations were definitely not met or that the lines were not long enough. Either that or Apple Arcade didn’t meet investor’s approval. A stock doesn’t just fall for no reason, so there is something definitely not right with Apple. I didn’t happen to see any negative news and I looked for quite a while. I did see conflicting reports about iPhone demand as some said crowds waiting to buy iPhones were rather lackluster and so I think investors believed those articles.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.