Noted Apple analyst names next growth driver
Noted Apple analyst names next growth driver
Oct. 14, 2019 9:20 AM ET|About: Apple Inc. (AAPL)|By: Brandy Betz, SA News Editor
TF Securities analyst Ming-Chi Kuo predicts Apple (NASDAQ:AAPL) will launch a new, lower-cost iPhone in Q1 2020.
The phone will reportedly look like the iPhone 8 but contain the same processor as the new iPhone 11 with the budget price of $399.
Kuo sees the new iPhone as a "key growth driver" for Apple next year, saying the device could attract the as many as 200M people still using an iPhone 6 or 6s. The latest iOS software doesn't support the iPhone 6.