Apple Inc's upcoming iPhone SE 5G has the potential to attract more than a billion non-premium Android users, J.P. Morgan analysts said on Monday.
The upcoming smartphone has the potential to lure nearly 1.4 billion low- to mid-end Android phone and about 300 million older iPhone model users, the brokerage estimated. The iPhone SE currently starts from US$399, compared with US$799 for the iPhone 13 and US$999 for the iPhone 13 Pro. Meanwhile, Apple's shares have extended their march, with the company inching closer to the US$3 trillion in market capitalization.
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