TF International Securities analyst revealed that there is a possibility that Apple’s wireless AirPods will witness a massive growth on their stock over the coming years. The prediction of AirPods’ market takeover poses an encouraging sign for Apple, which hopes to earn more revenue from iPhone users. Ming-Chi Kuo also shares that the wireless earphones are Apple’s most famous accessory.
Kuo shares that Apple’s AirPods have the highest growth rate and momentum out of any of the company’s products. Kuo also predicts that Apple will sell about 28 million AirPod units in 2018, which is an increase from an estimate of 16 million in 2017. Kuo expects another technological advancement on Apple’s prized gem in the new year. A new version of AirPods, which includes wireless charging, could see their shipments rise to an estimate of 55 million units by the end of 2019, 80 million for the next year, and 110 million for 2021.
However, Apple’s stock is currently suffering from a drop in the market as iPhone sales fall below expectations. To make matters worse, Apple decided to stop reporting iPhone unit sales, a cause of concern for investors. Apple can only watch as they lose their position as the largest US public company by market cap to Microsoft.