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On September 10, analysts from Wedbush highlighted in a research note that the introduction of Apple's latest iPhone models is poised to ignite a significant surge in user upgrades. They estimate that out of the 1.5 billion iPhone users globally, around 315 million have refrained from upgrading their devices for more than four years. For Apple, a prime window for upgrades is silently on the horizon. Analysts are of the view that Apple's emphasis on enhancing internal product efficiency, along with its daring redesigns and the incorporation of practical new features, is anticipated to propel the company into a supercharged upgrade cycle over the forthcoming 12 to 18 months. Wedbush continues to assign an Outperform rating to Apple, maintaining its target price at $270.
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