Apple is likely to introduce a lower-cost 5G iPhone at a spring product launch event, analysts say. The “iPhone SE 3” would kick off an expected slew of new products in 2022, which could be a catalyst for Apple stock.
Patrick Seitz for Investor’s Business Daily:
The third-generation iPhone SE might provide a lift to Apple’s smartphone sales, especially in emerging markets like China.
Apple hasn’t upgraded its entry-level iPhone SE handset in two years. The current 4G model starts at $399, vs. $599 for Apple’s cheapest 5G smartphone, the iPhone 12 Mini. Apple’s second-generation 5G smartphones, the iPhone 13 series, start at $699.
Loop Capital Markets analyst John Donovan said he’s heard rumors that the new iPhone SE could start at $300. Donovan rates Apple stock as buy.
Wedbush Securities analyst Daniel Ives thinks Apple will stick with the $399 starting price, but wouldn’t rule out a lower price.
“Apple needs to make sure that it doesn’t outprice itself in the midst of the strongest iPhone upgrade cycle it’s had since 2015,” Ives told Investor’s Business Daily. Ives rates Apple stock as outperform with a price target of 200.
JPMorgan analysts in December predicted that the new iPhone could spur a wave of switchers from Android smartphones. It has the potential to lure some of the nearly 1.4 billion users of low to midrange Android phones and about 300 million users of older model iPhones, the investment bank said in a report to clients.
MacDailyNews Take: Beyond 5G, expect the iPhone SE 3 to get much improved Apple Silicon (A15, up from the A13) and notably better cameras.
At $399 or less, Apple’s forthcoming 2022 iPhone SE 5G will sell like crazy.
Apple is expected to hold its next product launch event virtually around March 8th.
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More accurately, it’s the 4th gen of iPhone 7 design. First iPhone SE is 3rd gen of iPhone 5 design 😉 Very curious how camera is “notably” better. Maybe the surprise will be an additional bigger “SE+” companion, based on existing iPhone 7/8 Plus design (with 5G and latest A-chip). It has a two-camera system on its back, so THAT is the better camera. Some potential new SE customers may want Touch ID on Home Button, no notch, no bump, larger screen, and lower price (slightly more that regular SE).
I could be wrong, but the original generation was iPhone 4S with the same design…
Nope. iPhone 4/4S has original size 3.5-inch screen (but with “Retina” pixel density). And the connector is old-school wide one (from even older iPods). 5/5S/SE1 has 4-inch screen and current connector.
To be fair to GoeB, he’s not completely wrong, as it was the 4 series that introduced the change in case design, from the curved back design to a more boxy “squared off” design, which increased interior volume and allowed the device to be able to freestand on and edge whereas it could not do this before.
There was even an App that took advantage of this change: one could set the camera down standing on an edge and it would use the ring vibrator to rotate the iPhone on its own to take a panographic image.
If it is roughly the same size as my original SE, I’ll buy one. Also need to upgrade my original Apple Watch series 0 (no reason to upgrade yet). Also waiting to upgrade my 5 year old iMac 27 but will not pay any more than $1899 for a 27″ screen.
My thoughts are that if it retains the touch button, its on my short list.
Wow…still using the Apple Watch “0!” You’re one that knows how to defer the urge to be current.
Quite a valuable trait, imo.