Munster expects Apple iPhone revenue to grow 13% in FY27 on Duo

Analyst Gene Munster raised confidence in his 20 million iPhone Duo units forecast for FY27 after long launch-day lines. That is 8 million above Street estimates and would add about $8 billion to iPhone revenue, lifting growth to 13% versus the Street's 10%.

• Munster sees 20M iPhone Duo units in FY27, 7% of all iPhones vs ~12M on the Street
• Switching from $1,200 to $2,200 ASP adds roughly $8B to iPhone revenue
• FY27 iPhone revenue growth forecast at 13% versus 10% on the Street
• In FY28 the Duo could add 5% to iPhone revenue growth