Wall Street is vastly underestimating how many people are going to buy the next iPhone, analyst says

People are vastly underestimating how big Apple’s next iPhone cycle will be, said Timothy Arcuri, managing director at Cowen and Company. Analysts surveyed by FactSet expect Apple to sell 82 million iPhone units during this year’s holiday quarter, up from...

Wall Street is vastly underestimating how many people are going to buy the next iPhone, analyst says

People are vastly underestimating how big Apple’s next iPhone cycle will be, said Timothy Arcuri, managing director at Cowen and Company. Analysts surveyed by FactSet expect Apple to sell 82 million iPhone units during this year’s holiday quarter, up from...