Morgan Stanley's Chart Suggests Massive Upgrade Cycle This Year

Morgan Stanley has created an iPhone install base chart that breaks down devices by generation and carrier.

The chart reveals that many iPhone users are still using the old iPhone 4 and iPhone 4S smartphones. This means that come launch of the iPhone 6, it’s possible that Apple will see a massive update cycle from all those users looking to upgrade their smaller iPhones.

Morgan Stanley made this chart, which shows that more than half of the U.S. iPhone owners on Verizon are stuck with a 4 or 4S. Nearly half of AT&T owners are in the same predicament. When the iPhone 6 hits, Morgan Stanley, like many on Wall Street, expects a massive upgrade cycle from all these people with tiny old iPhones. 

via Business Insider