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Apple may provide the spark, upgrade to a rush of new iPhones, no-frill prices

(Reuters) – Apple Inc’s (AAPL.D) was able to sell it for as much as € 200 million of its latest iPhones, the existing users who are upgrading from older devices, and a lot of that demand comes from China, in spite of an ongoing trade war, and several Wall Street analysts said on Monday.

FILE PHOTO: People watch it to the end of the World Trade Center and the Apple Store during Black Friday sales events in Manhattan, New York City, united states of america, November 23, 2018. REUTERS/Andrew Kelly

The Cupertino, Calif. – based company is widely expected to launch new iPhones on Tuesday, with an additional copy of the software with new camera support, along with a video-streaming service, which will take place on the likes of Netflix Inc (NFLX.(O) and Walt Disney (DIS.(N).

The upgrade cycle could translate into about 180 million iphones sold in the next 12 months, with some 60 million to 70 million consumers who are due for an upgrade, and in China, where Apple is trying to overcome his last start, and Wedbush analysts said.

Apple currently has about 900 million active iPhones in the world and the combination of the lackluster sales for the iPhone X launches, and since 2017, and the relatively tight control of the prices may spur demand from the users, which is the holding company earlier), a number of analysts.

“These old phones, might be a candidate for an upgrade, and we will continue to look to fiscal 2020, as a Trade-in-iPhone-cycle-versus-2021, which should be a 5G-driven cycle,” Bank of America analysts said.

They estimated there were 200 million of the iPhone 6 and previous models that have been made ready for an upgrade.

Apple-2020 fiscal year begins in October, and none of the brokers expected that with the launch of a 5G-capable iPhone this time around, as opposed to the latest 5G mobile launched by Samsung Electronics (005930.KS) and China’s OnePlus.

Analysts and other industry watchers expect Apple to launch the three smartphones are: a 5.8-inch iPhone, for 11, Pro, a 6.5-inch-11 and the Pro Max is a low-cost 6.1-inch, 11R.

The base model is expected to be priced at $749, the iPhone 11, Pro is $999 and the iPhone Pro, the Max is $1,099, comparable to that of the previous year, the prices of the company’s choosing in order to express the possible prices on the devices have the advantage of boosting the sales volumes.

Apple faces here is a charges of 15% will be imposed by the U.S. government on products made in China including that of the smartwatch and the wireless headphones have high prices. 1, with the rate on the iPhone is to activate it on Dec. 15.

Apple has also seen a bump in demand in China this year, according to the Chinese online retailers are discounting the iphone.

Apple saw that a meaningful majority of the demand is in China, and when he lowered the price of the iPhone, XR, and we can expect that Apple will have the potential to lower the prices of some models,” Bank of America analysts said.

Reporting by Supantha Mukherjee and Tanvi Mehta in Bengaluru; Editing by Maju Samuel

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