The new iPhone 12 models are the first smartphones from Apple to offer 5G connectivity and they come at a time when around 350 million out of 950 million iPhones are expected to be upgraded. Analysts expected these factors to trigger a supercycle and Daniel Ives of Wedbush believes this is already happening, as AppleInsider reports.
Supply checks indicate that demand for the iPhone 12 is robust in the United States and China, and Ives believes Apple will ship more than 80 million iPhone 12s during the initial launch period. Ives had said earlier that China would be key to the iPhone 12 supercycle.
Demand for Pro models appears to be particularly strong, with the 6.1-inch iPhone 12 Pro being dubbed the “star of the show”. This is also great news for Apple’s average selling price (ASP).
IPhone 12 could be the first iPhone to replicate the success of the iPhone 6
The delay in launching the 5G iPhone 12 series and the economic challenges posed by the pandemic had led some analysts to cast doubts on the possibility of a supercycle, with some claiming sales would not even hit the 70 million mark. by the end of the year.
The last time an iPhone model saw phenomenal success was when the iPhone 6 was released in 2014. It is said to have generated 71.5 million unit sales within three months of launch.
With the arrival of the holidays, demand will only increase.