Expectations are high for
Apple s (NASDAQ:AAPL) iPhone 12. Wedbush analyst Daniel Ives claims the iPhone 12 will mark Apple s most significant product cycle since the iPhone 6 in 2014, while Cinda Securities expects the new lineup to hit 230 million to 240 million shipments in 2021, which would surpass the iPhone 6 s 222.4 million shipments.
Support for 5G networks, which was missing from last year s iPhones, is expected to drive more upgrades as carriers promote their 5G plans. And a wider range of models at lower price points should amplify that growth.
Those rosy expectations lifted Apple s stock roughly 80% over the past 12 months and buoyed its top suppliers. One of those suppliers is