iPhone 12 cycle still strong despite 'weaker demand,' analyst says

Demand for the iPhone 12 lineup is starting to wane, but investment bank JP Morgan is still tracking a year-over-year increase in shipments because of 5G adoption.Credit: Andrew O'Hara, AppleInsiderIn a note to investors seen by AppleInsider, JP Morgan analyst Samik Chatterjee revised his 2021 iPhone shipment estimate to 230 million units, down from around 236 million units. Despite that, Chatterjee notes that the number still represents a 13% shipment volume increase from 2020. Read more...