Loading...
Market
How many units of iPhone 16 will be sold by end of 2024?
5
Resolution / Starting Odds
Less than 90 million • 25%
90-95 million • 25%
95-100 million • 25%
More than 100 million • 25%
Apple's official sales reports and estimates from reliable market analysts
Story
Apple Expands TSMC Orders for iPhone 16, Shares Up 2.0% After Needham Reiterates Buy Rating
Jul 1, 2024, 12:46 PM
Apple Inc. (AAPL) has expanded its orders to Taiwan Semiconductor Manufacturing Company (TSMC) for A18 chips needed for the upcoming iPhone 16 series. The company plans to produce 90-100 million units of the iPhone 16, which will feature TSMC’s 3nm N3E process, improving camera and memory specifications, including an upgrade to 8GB of DRAM from 6GB. This upgrade is driven by increased AI capabilities requiring more memory. In addition, Needham has reiterated its Buy rating for Apple, maintaining a price target of $220. Following this announcement, Apple shares rose by 2.0%. The smartphone replacement cycle has extended to 36-40 months from the previous 24-30 months, and Apple may raise prices on high-end smartphones to subsidize lower-cost models, aiming to attract new consumers into its ecosystem.
View original story
Similar markets
Less than 10 million • 25%
10-15 million • 25%
15-20 million • 25%
More than 20 million • 25%
Less than 20 million • 25%
20 to 40 million • 25%
40 to 60 million • 25%
More than 60 million • 25%
Below 60 million units • 25%
60-70 million units • 25%
70-80 million units • 25%
Above 80 million units • 25%
Less than $200 billion • 25%
$200 billion to $250 billion • 25%
$250 billion to $300 billion • 25%
More than $300 billion • 25%
Yes • 50%
No • 50%
iPhone 16 • 25%
iPhone 16 Plus • 25%
iPhone 16 Pro • 25%
iPhone 16 Pro Max • 25%
Less than 5 million • 25%
5 to 10 million • 25%
10 to 15 million • 25%
More than 15 million • 25%