People aren't as interested in the iPhone 11 because they're waiting for a 5G model, says survey [CNBC]
Apple Inc. (AAPL)
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Source: CNBC
People aren't as interested in the iPhone 11 because they're waiting for a 5G model, Piper Jaffray survey says Buyer interest in Apple's latest iPhone lineup While Apple's new iPhone 11 starts at $699, $50 less than last year's iPhone XR reportedly preparing to release next year The average selling price for new iPhone models will be 10% to 15% lower this year compared with the second half of 2018, Rosenblatt Securities analysts said. They said sales of the lowest-priced new model, the iPhone 11, will make up about 60% of total new model sales. Last year, Apple's lowest-priced new model, the XR, made up about 55% of total phone sales, according to Rosenblatt. Sales this year will likely skew toward the lower-priced models, Piper Jaffray analysts said, but unit sales will remain relatively flat. The analysts predicted Apple's fiscal year 2020 iPhone revenue will decline about 1% year over year. "It is the lower iPhone ASP [average selling price] that we believe will enable relatively s
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