Apple set for upgrade ‘supercycle,' as 300 million iPhones are over 4 years old
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Apple is expected to experience a 'supercycle' of upgrades as 300 million iPhones are over 4 years old. Wedbush predicts strong holiday sales of new iPhones, potentially leading to a 'renaissance of growth' for Apple.
December 23, 2024 | 6:00 pm
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Apple is anticipated to enter a 'supercycle' of iPhone upgrades, with 300 million devices over 4 years old. Wedbush forecasts strong holiday sales, suggesting a potential growth renaissance.
The anticipation of a 'supercycle' due to a large number of old iPhones and strong holiday sales forecasts by Wedbush suggest a positive impact on Apple's stock price. This indicates potential growth and increased revenue, making it highly relevant and important for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100