The upcoming iPhone SE 5G can potentially bring over a billion Android users to Apple, according to the multinational financial service provider J. P. Morgan.
The company is expected to launch the iPhone SE with 5G capabilities in early 2022, according to media reports and the brokerage, with the analysts adding the model will allow Apple to target the mid-range smartphone market dominated by rivals such as Samsung Electronics and Huawei Technologies.
The upcoming smartphone has the potential to lure nearly 1.4 billion low to mid-end Android phones and about 300 million older iPhone model users, the brokerage estimated.
“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.
The iPhone SE currently starts from $399, compared with $799 for the iPhone 13 and $999 for the iPhone 13 Pro.
Since launching the iPhone 13 range and new iPads in September, Apple has scrambled to keep up with the global chip shortage and supply chain disruptions.
Meanwhile, Apple’s shares have extended their march, with the company inching closer to the $3 trillion in market capitalization.
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