New iPhone 17e, iPad Air Could Lift Apple June Growth to 9%
Gene Munster forecasts Apple’s June-quarter revenue growth at 9%, two points above the 7% consensus, driven by new iPhone 17e and iPad Air. The $599 iPhone 17e with 256GB storage and A19 chip and 12GB iPad Air with M4 processor could each add 1% to revenue.
1. Forecasted June Quarter Growth Revision
Gene Munster projects June-quarter revenue growth reaching 9%, versus the 7% consensus, citing robust demand for the new iPhone 17e and iPad Air driving higher unit growth.
2. Device Specifications and Pricing
The iPhone 17e offers 256GB storage at a $599 entry price with the 3nm A19 chip and C1X modem, while the new iPad Air includes 12GB of unified memory, 120GB/s bandwidth and the M4 processor.
3. Revenue and Margin Implications
The lower-priced iPhone 17e could boost iPhone revenue by around 2%, and a 15% uptick in iPad Air sales could contribute another 1%, potentially trimming margins but lifting overall revenues by approximately two percentage points.
4. Additional Growth Catalysts
Upcoming MacBook Pro models with M5 Pro and M5 Max chips and the launch of Apple Pay in India may further expand the ecosystem, drive adoption of affordable devices and diversify Apple’s revenue streams.