Is Apple on the Brink of an iPhone Sales Super Cycle?

The transcript discusses the dynamics of the iPhone 7 upgrade cycle, highlighting the growth in older phones within the installed base and its impact on future upgrades. It analyzes Apple's gross margin forecast, noting currency headwinds and the alignment with Wall Street expectations. The discussion also covers investor sentiment, with concerns about innovation and analyst ratings. Finally, it addresses concerns about iPhone 7's performance and ASP, noting improvements and market acceptance.

What is expected to happen to the number of phones that are more than two years old in the installed base?

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How does the installed base growth relate to upgrades in the upcoming phone cycle?

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What concerns do investors have regarding Apple's performance in the iPhone 6 and 6S cycles?

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What factors contributed to the concerns about the iPhone 7's performance?

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How have the iPhone ASPs changed compared to last year, and what does this indicate?

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