The analyst, Kuo, also believes that the entry-level iPhone will be the best seller of the trio.
Wall Street analysts expect the vast majority of those profits to be given back to shareholders in the coming years, in a move that could take Apple's cumulative capital returns since 2012 to as much as $450 billion by 2020. Apple's CFO previously said the company would provide an update on that money with this quarter's results. He and other analysts cut their iPhone sales estimates, and Apple shares where are down nearly 8 percent in the past two weeks.
Apple stock fell last month after one of its key chip suppliers warned of "continued weak demand". Apple is not positioning SE2 to be the company's largest phone drop this year, since it also plans to release a second generation iPhone X and an iPhone X Plus.
"That lower-priced iPhone X, essentially, should be a successful product". The new model, with a full bleed screen and facial recognition, was once viewed by investors as key to driving customers to upgrade their smartphones.More news: NFL Draft: Rams trade Tavon Austin, add linebackers and offensive linemen
In a note obtained by TheFly.com, Bernstein analyst A.M. Sacconaghi Jr highlights the "striking" similarities between the current iPhone X and 8 cycle and the iPhone 6s cycle - another hard period for phone sales.
The consensus estimate among analysts is for Apple to have sold 53 million iPhones for the quarter ending in March, up only slightly from the 50.8 million iPhones sold in the same period a year earlier.
With every release of a new iPhone, the price increases and while that does not seems to affect the sales of the Apple iPhone, it looks like Apple will still be doing something about that. Executives are still going to be forced to answer to investors at tomorrow's earnings call and during the third quarter as to why original predictions have not closely matched sales figures.
According to Hemmerstoffer on Twitter, prior to sharing images of 3D CAD renders of the purported "iPhone SE 2", he said "if you've been following me for a while, you know I'm used to share only things I totally trust". And yeah, while cutting out the headphone adapter from the picture would likely convince more people to buy Bluetooth headphones, Bluetooth is still a mess and the only good option in this regard are Apple's own $159 AirPods.