Image via Apple
Evercore analyst Amit Daryanani has taken a few days to consider how big a thing the 5G iPhone SE3 could be for Apple. Apple 3.0 posted part of a note he wrote over the weekend. According to that, he and his think Apple could ship more than 35-million of the new iPhone SEs in their first year of availability. That’s based on historical growth that we can, unfortunately, not check. He and his estimate the first iPhone SE sold ~25M units in its first year. They think the second sold ~29M units in year-one. Assuming similar growth lands the analyst at 35-million or more this time around. And that could be a decent amount of dosh, even for a company as big as Apple. According to the analyst:
At a blended ASP of ~$450 or modestly higher given a higher base price, shipments at that volume could generate an additional ~$15-20B in annual revenues (approx. ~4-5% of total sales).
Daryanani has an “Outperform” rating on Apple shares. His price target on the shares is $210.
