Many analysts expect that a 5G iPhone will reignite slumping phone sales that have transpired in recent years as users hold onto their older models longer.
. Of the 1,050 current iPhone owners who responded, 23% said they would upgrade to a $1,200 5G iPhone, up from 18% of participants a few months earlier.
But Munster is skeptical that the carriers will be able to achieve the coverage they've promised, which could suppress sales. Disappointing sales would rest "largely on the shoulders of the carriers who have talked a lot about the 75% coverage by the end of next year. I think that that is optimistic at the best case," he said.
Shares of Apple have risen about 80% year-to-date, and they touched a 52-week high of $246.25 during Friday trading as President Donald Trump announcedMunster said he believes Apple will continue to rally into the new year, even with his less-than-rosy outlook on 5G iPhone sales. "I think that this is going to be one of the best performers, if not the top tech performer next year as well," Munster said, arguing it could reach the $350 to $400 range.
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