JP MORGAN analysts predict that up to 1.4 billion Android users could switch to an iPhone by 2022.
The investment bank believes the move to iOS will happen because Apple iPhone SE 5G is coming soon.
According to media reports, the tech giant is expected to launch the 5G-capable iPhone SE in early 2022.
The SE model is often considered “budget” by Apple phoneAnd for this reason, analysts believe it has the potential to appeal to the mid-range smartphone market that is traditionally dominated by Samsung and Huawei.
The investment bank also estimates that up to 300 million iPhone users could switch from older models to the new SE 5G.
“Apple’s trade-in program for non-iPhone iPhones is admittedly not as attractive as the iPhone’s trade-in value, but it can lead to an average starting price of $269 to $399 for iPhones. SE 5G, still very competitive.” Samik Chatterjee, a five-star JP Morgan analyst, said.
When compared to the iPhone 13, which starts at $799, and the iPhone 13 Pro, which costs $999, the upcoming SE price seems like a steal.
The move to iOS is expected to boost Apple shares, according to the broker, who raised the company’s price target from $180 to $210, according to the broker.
The investment bank also raised its estimate for fiscal 2022 iPhone SE sales to 30 million units and annual iPhone shipments to 250 million units.
Shares of Apple rose about 11% last week and 1% last Monday, leaving it just $2 short of a $3 million valuation.
The launch of the new iPhone SE could be the push Apple needs to push it into $3 million market value territory.
If Apple achieves this goal, it will become the first company in the world to do so.
In other news, Apple Music is using Spotify with a half price plan with a twist.
Snapchat has revealed that it has Give a whopping $250m (£189m) to its creators in the last year.
And people are being encouraged to look fake Omicron email inbox in the coming days.
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https://www.the-sun.com/tech/4276585/android-iphone-2022/ Experts say you’ll give up your Android for an iPhone in 2022