Apple: China remains a 'risk factor' amid iPhone 15 launch

09/13/2023 03:36

Apple (AAPL) showed off the next generation of its devices today with investors paying extra close attention to the iPhone 15. Constellation Research Principal Analyst and Founder R "Ray" Wang and Bob O'Donnell, TECHnalysis Research President and Chief Analyst, join Yahoo Finance Live from Apple's launch event in Cupertino, California, to discuss the overhang on Apple stock over China's iPhone ban for government workers. "It's also the fact that [the] India market is also not able to get their semiconductor chips and manufacturing up fast enough," Wang says. "But the good news is there is still demand. we are in a super cycle, there's about 250 to 300 million iPhones that need to get the 5G." O'Donnell notes Apple's potential conversion rate for older device owners based on the iPhone 15's price point and new features: "Since the prices didn't change, which a lot of people expected them to change a lot more than they did, I think people now are going to be a little bit more comfortable."

"It's also the fact that [the] India market is also not able to get their semiconductor chips and manufacturing up fast enough," Wang says. "But the good news is there is still demand. we are in a super cycle, there's about 250 to 300 million iPhones that need to get the 5G."

O'Donnell notes Apple's potential conversion rate for older device owners based on the iPhone 15's price point and new features: "Since the prices didn't change, which a lot of people expected them to change a lot more than they did, I think people now are going to be a little bit more comfortable."