iOS

RBC sees 15 million iPhone SE sales in 2016, 40 million four-inchers

Could an iPhone SE be the billionth iPhone that Apple will sell? Bookies can take your bets over there. In the meantime, RBC Capital Markets investor Amit Daryanani has put out a note that has found the light in Apple’s rather played out store sell-out.

Where you still see iPhone 5s sales — even though Apple has stopped those in the US — in combination with iPhone SE sales, Daryanani expects that 40 million four-inch iPhones will be sold globally. 15 million of those are forecast to be iPhone SEs that will generate revenue up to $6.8 billion for the company on gross margins of about 35 percent. As good news comes, this is not too bad for investors — AAPL’s price is targeted for $130 by end-of-year as RBC rates the stock as outperforming.

Contrast this view to KGI analyst Ming-Chi Kuo’s more pessimistic perspective.

Source: AppleInsider
Via: PhoneArena

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.