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 drive the next iPhone cycle according to the first section?

• Growth in the number of older phones

• Increased marketing efforts

• Partnerships with telecom companies

• New features in the iPhone 7

Why might Apple's gross margin guidance appear lower than expected?

• As a result of lower sales

• Due to higher marketing expenses

• Because of currency headwinds

• Due to increased production costs

How does the currency fluctuation affect Apple's financials?

• It boosts their innovation budget

• It stabilizes their market share

• It decreases their gross margin

• It increases their revenue

What was a major concern for investors during the iPhone 6S cycle?

• Lack of innovation

• High production costs

• Increased competition

• Decreasing market share

How has Apple addressed concerns about the iPhone 7?

• By increasing advertising

• By reducing prices

• By launching new models

• By improving iPhone ASPs