Apple´s next iPhone 13 might be a game changer

The iPhone super cycle, which began with the launch of Apple Inc.'s iPhone 12, is likely to continue well into 2022, according to analysts at Wedbush Securities. Daniel Ives has an outperform rating for Apple and a 12 month price target of $ 175 with a bull case price target of $ 225. The next iteration of the iPhone, namely the iPhone 13, will likely hit the market in September, according to Ives. Initial supply chains in Asia for the iPhone 13 are in the range of 100 million units, compared to the company's initial iPhone 12 reads of 80 million, he added. "While that number will clearly move in the coming months, we believe this speaks to an increased confidence at Cook & Co. that this 5G-powered product cycle will extend well into 2022 and also a" reopening. " "The post-vaccination consumer should benefit," Ives wrote in the note. The iPhone 13 will likely have a 1 terabyte storage option, double the current highest per storage capacity, the analyst said. It will also contain a number of improvements, with lidar across all iPhone 13 models. Hence, the iPhone 13 could be a "game changer," suggesting that the super cycle party in Cupertino in 2022 is going well.