Economy

Forget the iPhone 11: Expect Three 5G iPhones in 2020

Forget the iPhone 11: Expect Three 5G iPhones in 2020”

"Adding to our "Sell" thesis, we believe new iPhone sales will be disappointing, iPad sales growth will slow in the second half of 2019, other product sales growth, such as the HomePod, AirPod, and iWatch, may not be meaningful to support total revenue growth". The note goes on to predict that the growth rate for Apple's services business too will fade over the next few quarters. However, Apple is supposedly working on 5G iPhones, as well as a cheaper iPhone model, for 2020.

Apple may announce four iPhones in 2020 - replacements for the current Face ID lineup plus a new budget device. In a letter to investors, Cook said, "Lower than anticipated iPhone revenue, primarily in Greater China, accounts for all of our revenue shortfall to our guidance and for much more than our entire year-over-year revenue decline".

April might be considered as the silver lining as the shipments of iPhone in India rose to 200,000 units which were fuelled by discounts and price cuts on selected devices. Apple makes up approximately 2.0% of B. Riley Wealth Management Inc.'s investment portfolio, making the stock its 7th biggest position.

The September event will thus bring upgrades for all three 2018 models, namely the iPhone XS, iPhone XS Max, and iPhone XR. The company's revenue for the quarter was down 5.1% on a year-over-year basis.

Wall Street has turned increasingly bearish on Apple stock in recent months. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The iPhone 11R will reportedly sport a dual-camera setup.

This shocking information comes by way of hugely popular YouTuber Filip Koroy (aka Everything Apple Pro) who has revealed the first pictures of the iPhone 11's new logic board and it forms the cornerstone of headline changes which shall be seen in iPhones for years to come back. Now, the new iPhones will come with a third (ultra-wide-angle-lens).

There's also the rumour that this new battery will be able to refill other devices and accessories via reverse wireless charging technology.

If you've been reading up on the iPhone 11 rumors, you may not be that enthused about what's coming.

It is notable that Zhang - whose official title at Rosenblatt is China analyst covering tech, media, and telecom - didn't cite any specific concerns about Apple sales in China.



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