If 160 million iPhone owners upgrade in the next 12 months, that's 21% of the installed base.
Read More Cybart: New iPhone X, X+ will spur upgrades not seen since iPhone 6, 6+
That's up from 25% in June 2017.
Read More Survey: 48% of iPhone owners intend to upgrade within year
This excerpt rings true to me. I don't know why Jobs' widow and sister felt obliged to push back.
Something's got to give.
Read More Apple cracks $220, closes at all-time-high $219.70
"This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners."
In his Monday Note, Jean-Louis Gassée anticipates an "extraordinary" 2018 holiday season for Apple.
MAV, the pseudonymous author of the occasional AAPLTree blog, shows his math.
Gene Munster can argue it round or flat but the result is always the same.
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