Gene Munster, Managing Partner of Deepwater Asset Management, said that the unveiling of the new iPhone 17e and iPad Air is expected to significantly augment the revenue growth of Apple Inc. (NASDAQ:AAPL) for the June quarter.

The market had initially forecasted a 7% revenue growth for Apple. However, the introduction of these new devices could potentially push this figure to 9%, contrary to market expectations of a slump in June revenue guidance, said Munster on Monday.

Revenue Boost At The Cost Of Margin?

The iPhone 17e and iPad Air now offer double the storage while maintaining their $599 entry-level price. According to Munster, this suggests it is effectively managing memory cost pressures, even if it means taking a margin hit, something the company had indicated in its past earnings call.

Munster said the iPhone 17e, which typically makes up 15–20% of annual iPhone unit sales (and closer to 20% when newly launched), usually drives about 15% year-over-year unit growth for a few quarters. Despite having a 27% lower average selling price, it could boost June-quarter iPhone revenue by around 2%, lifting expected overall company revenue growth by roughly 1 percentage point.