Apple (AAPL) stock has fallen in recent weeks amid mounting concerns regarding slowdown in iPhone sales. But the weakness could be offset by strong growth in Airpod sales.
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AirPods are Apple's most popular accessory ever. TF International Securities analyst Ming-Chi Kuo believes Apple will launch a new version of Airpods in 2019 which will push shipments to the range of 50-55 million units, further climbing to 70-80 million units in 2020 and 100-110 million in 2021.
“There is a greater likelihood of legacy iPhone users buying AirPods than upgrading to new iPhone models,” Kuo said. "Over 1 billion iPhone users worldwide offer great potential growth opportunities for AirPods.”