While we wait for Apple to launch a third-generation iPhone SE with 5G support early next year, J.P. Morgan analysts have made some interesting predictions. According to Reuters, J.P. Morgan analysts have said the new phone “has the potential to attract more than a billion non-premium Android users.” More specifically the analysts are quoted as saying the iPhone SE 3 has the potential to attract “nearly 1.4 billion low-to mid-end Android phone and about 300 million older iPhone model users.”
5G support is key to success
The iPhone SE 3 will be Apple’s very first mid-range 5G iPhone and it’s the 5G support that seems to make the JP Morgan's analysts very confident about the success of the upcoming phone. As well as turning the heads of Android users, the 5G support is tipped to make the phone tempting to 300 million users of older iPhones, without 5G support. The analysts also mention that trade-ins could make the iPhone SE 3 extra affordable and therefore more appealing.
"Apple's trade-in program for non-iPhones is admittedly not as attractive as the iPhone trade-in values, it could nonetheless lead to an average starting price range of $269 to $399 for the 5G iPhone SE, which is still very competitive," said Samik Chatterjee, rated five stars on Refinitiv Eikon for his estimate accuracy, said, according to Reuters.
J.P. Morgan analysts say that for fiscal year 2022, it expects a rise in iPhone SE “unit sales to 30 million units and annual iPhone shipments expectations to 250 million units, 10 million higher than a year earlier.”
iPhone SE 3 specs
Not that much is known about the iPhone SE 3 specifications yet, but we do have some rumours to work. The new 5G phone is tipped to keep the same form as a 2017 iPhone 8 and is expected to have a 4.7-inch LCD display. We expect to see an upgraded processor – but we don’t yet know if it will be the iPhone 13 A15 Bionic or the iPhone 12 A14 Bionic chip.