Lower Prices and Aging Handsets Help Drive IPhone Demand

The video discusses how Apple's $50 price cut on the iPhone 11 has successfully boosted sales, making it a popular choice despite being slightly less advanced than the 11 Pro models. It highlights the typical four-year iPhone upgrade cycle, with many consumers upgrading from older models like the iPhone 6 and 6S. The video also touches on Apple's favorable position with the upcoming 5G cycle, which is expected to drive another wave of upgrades.

How did the pricing strategy of the iPhone 11 affect customer behavior?

What does the speaker suggest about the future of iPhone upgrades?