Apple is expected to announce its new iPhone later this year, most likely sometime this fall. Some expect it to be a drastic redesign compared to the iPhone 4/4S, with a larger screen and new unibody design.
Analyst Brian White from Topeka Capital Markets has dropped a note this morning, confirming these reports based upon a recent trip to China and saying that the iPhone 5 will be “the most significant iPhone upgrade” yet. He also expects that with the excitement it will bring, the iPhone 5 will push Apple’s stock to a crazy price $1,001 per-share by year’s end.
White recently took a tour to Asia, where he got a look at different tech suppliers in the area. In his note this morning, the analyst detailed what he thinks the new iPhone will be like. “In our view, this will be the most significant iPhone upgrade with a four-inch screen and a new, sleek look that we believe will require a Unibody case,” White said.
The iPhone 4S launch pushed Apple to new heights during the last holiday quarter. The Cupertino-based company sold a record 37 million iPhone units. However, White says that the launch of the new iPhone will “dwarf” previous launches. “We believe the iPhone 5 ramp for the December quarter could be extraordinary, dwarfing previous launches and driving the stock closer to our $1,001 price target.”
The $1,001 price per-share is huge. Apple is already dominating on the stock market, where it is the current leader with the highest marketshare — by a lot. Just think if the company gained almost $400 in the next few months.
But as the iPhone 5 is launching, also expect pressure from others. Samsung is rumored to launch its new Galaxy S III this year. The Galaxy S II has been a strong competitor to the iPhone 4S. With the iPhone 5’s rumored features — like NFC, 4G, and a larger screen — Apple may have no problem though.Related