Apple is trading up 1.79% this morning on strength of its iPhone 11announcements September 11. I’ve gathered together most available analyst and industry comment in reaction to Apple’s news.
How are iPhone users reacting?
Analysts don’t know everything and it’s worth noting that interest in the new devices drove a 189% increase in trade-in valuations from iPhone users seeking to upgrade, according to data from BankMyCell.
They warn that Apple’s decision to reduce the cost of iPhone XR and iPhone 8 is also having an impact, predicting a 24.7% fall in resale value of the XR and 26.6% decline in iPhone 8 resale value across the next 12-weeks as resale activity climbs.