The Next iPhone Supercycle May Have Finally Arrived
iPhone 11 sales are off to a "very strong start," according to Tim Cook, CEO of Apple (NASDAQ: AAPL). In an interview at the end of last month, Cook told the German daily Bild that he "could not be happier" with the launch of the new iPhones.
Cook's comments were followed by a report from the Nikkei Asian Review that said the tech company is increasing its orders with suppliers by about 10%. That report was followed by a note from analyst Ming-Chi Kuo, who says Apple is planning to launch a follow-up to 2016's iPhone SE in the first quarter of 2020. He said the new device will be a "key growth driver."
After years of speculation that the company is poised for another supercycle for iPhones following the boom from the release of the iPhone 6, things are shaping up for record sales. And the timing couldn't be better for Apple.
Source Fool.com
