Piper Sandler analyst Matt Farrell surveyed around 13,500 teens to see Apple Inc.‘s (NASDAQ:AAPL) iPhone upgrade expectation among them.
Notably, Apple unveiled the iPhone 16 in September, and early pre-order data shows that demand for the iPhone 16 may be lower than expected due to a lack of reasons for existing iPhone owners to upgrade to the latest model.
The analyst’s survey results indicate that 22% of teens plan to upgrade to an iPhone 16 this Fall/Winter, slightly down from 23% in Fall 2023 and 24% in Fall 2022. However, this is an increase from 20% in the Spring 2024 survey, adds the analyst.
As per the Fall 2024 survey, Farrell notes that 87% of teens owned an ...
