PED with some hefty iPhone sales estimates from a bullish analyst:
With roughly 1/3 of the company’s 900 million active iPhones globally currently in a “window of an upgrade opportunity” over the next 12 to 18 months Cook & Co. recognize this will be a crucial product cycle on the horizon that we believe could translate into roughly 180 million iPhone units sold in FY20.
In other words, flat. I’m a math major. How is that bullish?