Apple’s 5G iPhone SE will attract nearly 1.5 billion Android users

iPhone SE 3

In the next half of the year, analysts expect Apple to launch a new 5G iPhone SE smartphone, which will start at $ 399 and will help attract up to 1.4 billion new users who previously preferred the Android platform. Another 300 million users will switch to the iPhone SE from older models of Apple smartphones.

Apple’s 5G iPhone SE will attract nearly 1.5 billion Android users

Analysts at JP Morgan shared their assessments. They expect Apple’s customer base to grow significantly with the 5G iPhone SE. Taking into account the proprietary trade-in program; the cost of the iPhone SE for the end user will start at $ 269; which will entice up to 1.4 billion users who previously preferred entry-level and mid-range Android smartphones.

Apple’s 5G iPhone SE will attract nearly 1.5 billion Android users

“Apple’s trade-in program for non-iPhones is admittedly not as attractive as the iPhone trade-in values, it could nonetheless lead to an average starting price range of $269 to $399 for the 5G iPhone SE, which is still very competitive,” analyst Samik Chatterjee, rated five stars on Refinitiv Eikon for his estimate accuracy, said.

In a separate note, J.P.Morgan said consumer demand for major upgrades like 5G models is expected to remain strong and also a priority for supply, even as it wanes for most hardware products including smartphones, TVs and PCs.

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In just 2022 fiscal year, the first quarter of which is already coming to an end; Apple will be able to sell up to 30 million copies of the iPhone SE; and a total of 250 million iPhone models will be sold, 10 million more than this year. Wedbush experts estimate that by the end of this year Apple will be able to sell just over 40 million smartphones. According to this source, of the 975 million iPhones currently in use; about 250 million are already older than three and a half years; and in the coming months, the owners will willingly exchange them for newer devices.

In a separate new, the production of Apple‘s flagship smartphones belonging to the iPhone 13 family in September and October was 20% lower than previously planned. To make matters worse, the situation precedes the holiday season; in which the demand for electronics has traditionally been growing at a rapid pace.

With the release of the new iPhone 13 and new iPad in September, Apple is under serious threat as the company is unable to cope with global chip shortages and supply chain disruptions even on its own local scale. Tim Cook, CEO of Apple, told Reuters that supplier problems will only get worse; compared to the previous quarter during the holiday sales season.

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