Analyst: Apple is on cusp of monster iPhone sales, stock price

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A top analyst says Apple is on the cusp of another monster sales cycle for the iPhone 15 and its share price will break more records

Despite some signs that iPhone sales have slowed, one Apple watcher is predicting iPhone sales to bounce back and push its stock into stratospheric levels.Apple reported in May

Ives believes that the iPhone 15 will convince these folks, as well as the iPhone faithful, to buy new versions and to spend more on them. He predicts that Apple will raise prices and command an average sale price of around $925, which is $100 higher than the average sales price Apple has commanded for new iPhones over the past 18 months.for its newest iPhone when it announces it in the fall. And Ives has been right when he's made predictions about iPhone pricing in the past.

Specifically, Apple's six months' revenue for Services was $41.7 billion, up 6%, . So, Ives might be optimistic that Services will hit $100 billion instead of the $82 billion that it is tracking for, at least in its current fiscal year.

 

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