Apple’s strong performance in the first fiscal quarter of fiscal 2020, and its second quarter results will also be impressive. There are signs that iPhone orders have generally increased compared to 2019.
Cohen analyst Krish Sankar estimated in a report to investors that Apple produced 70 million iPhones during the holiday shopping season. Among them, iPhone 11 and iPhone 11 Pro models accounted for 74%, about 52 million.
In the first quarter of 2020 (Apple’s second fiscal quarter), Sankar predicts that Apple will produce 46 million different models of iPhones, an increase of 12% year-on-year. Among them, the iPhone SE 2 is estimated to account for 6 million units. Sankar estimates that it will sell for about $ 475. In the first and second fiscal quarters of fiscal 2020, Apple will produce 116 million iPhones.
Also read: iPhone 2020 Models Are Confirmed By Apple
Sankar predicts that the build specifications of the iPhone SE 2 will be roughly equivalent to the original iPhone SE. The original iPhone SE was released after the iPhone 6s in March 2016. It is still being produced in India. In addition, Sankar believes that in the second quarter of 2020 (Apple’s third fiscal quarter), Apple will produce about 43 million iPhones.
On January 20, Sankar raised Apple’s target stock price to $ 350, driven by its services business and the upcoming new iPhone. Looking ahead, iPhone SE 2 and iPhone 5G 5 will add momentum to iPhone production growth year-on-year. At the same time, the service business will continue to maintain strong growth.
Sankar predicts that Apple will ship approximately 195 million iPhones in fiscal 2020. Most of its impact will be revealed in fiscal 2021.
At the same time, Sankar believes thatbHuawei’s smartphone output may fall by 10% year-on-year. Samsung’s output is expected to be flat with the same period last year.