According to a survey by Piper Sandler, 22% of American teenagers intend to upgrade to an iPhone 16 model this fall/winter. This marks an increase from the 20% who planned to upgrade this spring and is flattish the 23% and 24% who planned to upgrade in the previous two years, respectively.
Ives estimates that roughly 300 million iPhones in use today around the world have not been upgraded in over 4 years. Ives in September bumped the firm’s Apple price target to $300 from $285 and said that the iPhone 16 lineup will help catapult the company to a $4 trillion valuation in 2025. We are currently about 1/5th of the way to being sustainable with Substack subscriptions. Not a bad start! Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you!
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Wednesday, October 9, 2024
22% of American teens plan to upgrade to an iPhone 16 model this fall/winter
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