Apple might see a rebound in its inventory value forward of recent product bulletins in September and will turn into the world’s largest smartphone model by 2023-2024, main Apple analyst Ming-Chi Kuo mentioned on Monday. Kuo, an analyst at TF Worldwide Securities, a monetary companies group within the Asia-Pacific area, mentioned that Apple’s newest iPhone cargo goal for 2024 is 250 million models.
“An affordable 2024 iPhone cargo estimate, from my view, might attain 5-10 % YoY. Since Samsung’s inner view of 2024 market demand continues to be conservative, Apple will probably stay the most important smartphone model in 2024,” he predicted.
Samsung’s smartphone shipments have been reduce to 220 million models this 12 months.
“If Apple retains the 2H24 iPhone orders unchanged, then the iPhone shipments are anticipated to succeed in 220–225 million models in 2023, surpassing Samsung as the most important smartphone model. This cargo rating has a long-term constructive influence on Apple’s ecosystem,” Kuo additional mentioned.
The market is anxious that iPhone 15 shipments will probably be additional reduce as a result of provide chain points (my estimate of 80 million models vs. conservative views of 70–80 million models), particularly iPhone 15 Professional Max shipments will probably be delayed. “Nevertheless, the actual fact is that the iPhone 15 Professional Max will begin mass shipments this week, and Apple can be growing shipments of legacy fashions concurrently,” mentioned Kuo.
With the market being overly conservative on iPhone/iPhone 15 2H24 shipments, resulting in a correction within the inventory value and a beneficial buying and selling sentiment for brand new product bulletins, Apple inventory could have a rebound alternative within the close to time period, he added.
Apple is all set to launch its subsequent era of iPhones subsequent month. In accordance with the hypothesis, there will probably be 4 iPhone fashions this time, as nicely, particularly, iPhone 15, iPhone 15 Plus, iPhone 15 Professional, and iPhone 15 Professional Max. Though, a couple of reviews even recommend Apple may name the costliest within the collection the iPhone 15 Extremely. That’s primarily based on reviews that recommend radical adjustments coming to the top-tier iPhone fashions. Not solely the upcoming iPhone 15 Professional collection may have the quickest processor and higher cameras, they is also what we consider the primary iPhone fashions to function a USB-C port and an additional solid-state button.