<ul><li>Apple analyst Gene Munster predicts 15% growth in iPhone revenue in FY25 and 17% in FY26.</li><li>Munster's estimate is based on the belief that 8% of the iPhone installed base will upgrade early in FY25, and 14% in FY26.</li><li>However, Munster expects a 5% decline in iPhone demand in FY27 and FY28.</li><li>The introduction of innovative iPhone models could potentially improve sales beyond Munster's projections.</li></ul>

Gene Munster’s bull case for Apple iPhone: 15% growth in FY25 and 17% in FY26

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