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The iPhone 13 and iPhone 13 Professional collection continues to be promoting higher than previous generations of Apple’s handset, in keeping with new information from U.S. provider channels.
In a word to traders seen by AppleInsider, JP Morgan analyst Samik Chatterjee analyzes Wave7 Analysis information overlaying U.S. provider gross sales traits within the month of Might.
Total, Apple’s share of the market remained unchanged at AT&T and T-Cell, whereas the iPhone’s share moderated within the month of Might from increased ranges in April.
The iPhone’s share of the market ranked at 66% for AT&T, 60% at Verizon, and 57% at T-Cell, respectively. That is higher than in earlier years, which suggests a structurally increased market share for Apple’s gadgets.
Chatterjee factors out that there’s restricted data on gross sales momentum at present. Nonetheless, what data there may be means that it is down barely year-over-year.
Apple continues to be getting the lion’s share of smartphone model switchers. At the least 73% of provider representatives mentioned that Apple was getting essentially the most switchers, whereas solely 16% mentioned the identical about Samsung.
When it got here to working system switchers, 43% of representatives mentioned they had been seeing extra switching occur from Android to iOS, whereas 51% mentioned the general charge of switching between the 2 working programs was “about even.” Solely 5% mentioned that extra switchers had been selecting Android over iOS.
Throughout all provider channels within the U.S., the iPhone 13 was the highest mannequin with a 25% share in Might. That mannequin was adopted by the iPhone 13 Professional Max with 16%, the iPhone 13 Professional with 13%, and the iPhone 13 mini with 2%. Different iPhones accounted for 4%, and provider representatives famous that iPhone SE 3 gross sales had been “weak.”
Chatterjee is sustaining his 12-month Apple of $200, based mostly based mostly on a price-to-earnings a number of of 30x on his 2023 earnings estimate of $6.73.