The market has overestimated mmWave 5G iPhone shipments as Covid-19 causes global 5G mmWave base station construction to fall far short of expectations, says Tianfeng International analyst Ming-Chi Kuo.
Kuo estimates that in 2020 and 2021 mmWave iPhone shipments will be about 4-6 million and 25-35 million units, far below the market's expectations of 10-20 million and 40-50 million units, respectively.
According to Kuo, there's a Sub 6GHz-only version of the iPhone 12, as well as a version that supports mmWave, which, unsurprisingly, should come standard in the Pro series.
The price of the entry-level iPhone 12 may not be too high, as Apple's revenue has increased due to a series of price cuts on the iPhone 11 last year.
According to previous reports, the starting price of this year's 5.4-inch iPhone 12 is $699, which is cheaper than the starting price of the iPhone 11. The iPhone 12 Pro, however, is going up to $1,049.
The 5.4-inch and 6.1-inch iPhone 12 may go on sale first, while the Pro series will be delayed for a while, Bloomberg noted.
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