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The new iPhone SE (2022) could generate $20 billion in its first year, says a new report.

Analyst Amit Daryanani has predicted an upswing in shipments and sales of Apple products, driven mainly by the iPhone SE (2022) which was officially unveiled a few days back, reports GizmoChina.

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The budget iPhone SE is the third iteration of the product and its price is just above $400, while it comes with several premium-grade features.

Daryanani said the iPhone SE 3 launch will provide the much-needed tailwind to surpass the shipment of 35 million units of the model within its first year.

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This projection is driven by some key fundamentals which indicate that the latest iPhone SE will draw traditional older iPhone users to the budget-friendly smartphone, the report said.

Apart from its 5G capability, the iPhone SE 3 is powered by Apple’s premium A15 bionic chip, which is also present in the iPhone 13 series.

This puts the iPhone SE 3 on a higher pedestal performance-wise, with most of the budget phones in the segment, as well as older iPhone models.

Even with shipment costs, the new iPhone SE 3 will hover around $450-$500 and that could yield up to $20 billion in annual revenue for the Cupertino-based tech giant.

The quantum of units of the iPhone SE 3 sold could account for up to 5 per cent of the revenue projections of Apple by the end of 2022, which is impressive.

Daryanani sees the iPhone SE 3 as well-priced for the features it comes with, together with the fact that it outperforms some of the older iPhone models like the iPhone 8, as well as its 5G capabilities.

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