As it stands, there are roughly 900 million iPhone users around the world, and a third of them upgrading to 2020’s 5G model means that it could translate to as many as 350 million units sold. “We believe iPhone 11 is just the front end of this current ‘supercycle’ for Cupertino with a slate of 5G smartphones set to be unveiled in September that will open up the floodgates on iPhone upgrades across the board that the Street continues to underestimate.”
This report from Wedbush sounds more optimistic compared to a previous report from analyst Gene Munster, who believes that maybe investors should brace themselves as the 5G iPhone might not be the runaway hit they think it could be. This is because according to Munster, 5G rollout is still in the early stages, and as such, not all iPhone customers might see the need to make the upgrade.
That being said, all of this is just based on predictions and speculation and we’ll have to wait until 2020 to find out how well the 5G iPhone will do.