J.P.Morgan sees Apple’s upcoming iPhone SE 5G robbing Android of a billion-plus users

JP Morgan analysts have predicted that Apple Inc’s upcoming iPhone SE 5G would attract more than a billion non-premium Android users.

The company is expected to launch the iPhone SE with 5G capabilities in early 2022.

Analysts say the model will allow Apple to target the mid-range smartphone market dominated by rivals such as Samsung Electronics and Huawei Technologies.

The iPhone SE currently starts from $399, compared with $799 for the iPhone 13 and $999 for the iPhone 13 Pro.

JP Morgan raised its estimates for fiscal 2022 iPhone SE unit sales to 30 million units and annual iPhone shipments expectations to 250 million units, 10 million higher than a year earlier.