Why Apple's iPhone 12 Could Be a Runaway Hit
Apple (NASDAQ: AAPL) recently launched its newest iPhone 12 lineup, and 5G was the main talking point of the event -- but the new devices seem to be drawing mixed reactions from both Wall Street and consumers.
One analyst predicts that the iPhone 12 could be a disappointment -- in a survey of 1,000 existing iPhone owners, only 10% of the respondents expressed their willingness to upgrade. And in a poll conducted by Caijing magazine in China (Apple's second-largest market), a large chunk of the respondents (around 10,000) said that they won't buy the new iPhone 12.
There were 9,269 respondents who said that they will buy the new device, while 5,400 haven't made up their minds yet. The mixed reaction put Apple stock under pressure after the iPhone 12 lineup was revealed. But don't be surprised to see the new devices turn out to be a hit eventually, as they seem to tick the right boxes.
Source Fool.com
