New data from Bernstein analyst Toni Sacconaghi Jr. and his team suggest that the next couple of years will make this period look like a blip however. The "installed base" of iPhone users is now so massive, and the annual upgrade rate so consistent, that future iPhone sales will be driven by a self-generating "supercycle."
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Apple gains amid predictions of an upcoming iPhone upgrade cycle (AAPL)
Apple is up 1.04% at $130.42 a share amid talk of an upcoming iPhone upgrade cycle.
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"Our analysis indicates that iPhone's installed base will be nearly ~80% larger entering the iPhone 8 cycle than it was entering the strong iPhone 6 cycle," he wrote in a recent note to clients.
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