Munster Warns Apple's 'Wonderlust' Event 'May Fall Flat' If Expectations Are Heavy — Outlines 3 'Material' Updates
Portfolio Pulse from Shanthi Rexaline
Ahead of Apple's 'Wonderlust' iPhone 15 launch event, Gene Munster from Deepwater Asset Management predicts the event may disappoint investors expecting a surprise new product or AI hype. Munster anticipates three significant updates, including typical camera improvements, a faster chip, better battery, a lighter titanium casing, and a new programmable button. He also expects incremental updates for the Apple Watch. Munster suggests that Apple may beat Street estimates of about 220 million iPhone unit sales in 2024 due to upgrades from older iPhone users.
September 12, 2023 | 8:46 am
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Apple's upcoming 'Wonderlust' event may disappoint investors if they are expecting a surprise new product or AI hype. However, the expected updates to the iPhone 15 and Apple Watch could drive upgrades and potentially help Apple beat Street estimates of iPhone unit sales in 2024.
The news directly pertains to Apple and its upcoming product launch event. While the event may not meet some investors' expectations for a surprise new product or AI hype, the expected updates to the iPhone 15 and Apple Watch could drive upgrades from users of older iPhones. This could potentially help Apple beat Street estimates of about 220 million iPhone unit sales in 2024.
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