Apple‘s market cap is higher than the GDP of India, a country with a population of 1.5 billion people within the next few years. Only four countries have a higher GDP than Apple’s market cap, the USA, China, Japan, and Germany.
Apple is planning to continue its market dominance and expand its smartphone business into further uncharted territory for the company, the lower mid-range smartphone market. Rumors within the industry have revealed that Apple could be planning to launch the next variant of the iPhone SE 2022 at a price point of $300.
The news comes courtesy of Investor’s Business Daily. The report claims that Loop Capital Markets analyst John Donovan said that he has heard rumors that the new 5G-supported iPhone SE 3 2022 could be priced at $300.
This news is surprising as the current 4G iPhone SE 2 2020 model begins at $399, and the iPhone SE 3 is rumored to feature a better processor, 5G support, and better battery life than its predecessor.
In terms of comparison, for double the price of $300, at $599, you can buy Apple’s cheapest 5G smartphone available, the iPhone 12 Mini, and Apple‘s second-gen 5G smartphone, the iPhone 13 Series which begins at $699.
Apple has been wanting the new iPhone to be a phone that Android users would want to use, this move has the potential to lure nearly 1.4 billion value-conscious-minded users of low to midrange Android devices to switch and older iPhone models to upgrade, as per JP Morgan analysts.
In terms of the specs of the iPhone SE 3 2022, it is expected that the new iPhone SE is sporting the 5G Apple A15 Bionic chip found on the latest iPhone 13 Series. In terms of the design, the iPhone SE 3 2022 will retain the same design as its predecessor with a glass front and back with an aluminum chassis. The signature Touch ID on the home button is located on the chin of the device.
The iPhone SE 3 2022 is expected to launch at Apple’s annual Spring Launch Event. Apple has not yet revealed the official date of the event but we can expect it to take place on the 8th of March.
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