00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple could be entering a stronger multi-year iPhone upgrade cycle,
00:06as new hardware, AI features, and a foldable device give consumers more reasons to replace
00:11aging phones, according to two technology analysts. Deepwater Asset Management's Gene Munster said
00:17Apple's split upgrade cycle could shift more revenue into the March and June quarters.
00:22He said March quarter growth could approach 20%, compared with Wall Street expectations
00:28of 14% to 15%. Yorkville Ives founding partner Dan Ives estimates about 300 million iPhones have
00:36not been upgraded in more than four years. He said a foldable iPhone could eventually represent 15%
00:42to 20% of sales among Pro and Pro Max users. Apple shares were down 0.12% to $326
00:51.19 in Friday
00:53pre-market trading. For all things money, visit Benzinga.com.
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