Apple Shares Will Hit $305, Says Piper Jaffray

The transcript discusses Apple's current market position, highlighting the strong performance of the current iPhone and the anticipation for the upcoming 5G iPhone. Analyst Mike Olsen shares insights on the potential impact of the 5G iPhone, based on surveys indicating consumer interest. The discussion also covers the sales performance of the iPhone 11 and its potential impact on future sales. Finally, the transcript explores pricing strategies for the 5G iPhone, considering consumer willingness to pay and market trends.

What percentage of iPhone owners indicated they would upgrade to a $1200 5G iPhone in the survey?

• 15%

• 23%

• 30%

• 50%

How did the iPhone 11's performance affect Apple's stock?

• It resulted in a minor increase in stock prices.

• It helped lead the stock to a record high.

• It had no impact on stock prices.

• It caused a decline in stock prices.

What was the iPhone revenue growth following the iPhone 6 Plus cycle?

• 75%

• 10%

• 52%

• 25%

What is the expected price range for the high-end 5G iPhone?

• $1000 to $1200

• $800 to $1000

• $1600 to $1800

• $1400 to $1500

What is the significance of the $1200 price point for the 5G iPhone according to the survey?

• It is the highest price point available.

• It is considered a mid-range price point.

• It is the lowest price point available.

• It is not mentioned in the survey.