Top Apple analyst says Wall Street underestimates iPhone 8

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iphone
We hope the next iPhone is this beautiful.
Photo: AlHasan Husni

Sales of the upcoming iPhone 8 could be even bigger than most people are expecting, according to Morgan Stanley’s top Apple analyst, Katy Huberty.

In a recent interview, the Wall Street analyst said that the new iPhone will have so many innovative new features is will trigger an avalanche of upgrades that will likely shatter Apple’s old records.

“We do not think the super cycle is fully appreciated,” Huberty told CNBC. “What we expect in September is a phone that has significant advancements in technology: OLED screens, 3-D sensors, wireless charging [and] likely some more advanced software in the area of artificial intelligence.”

The Great iPhone 8

Huberty projects that all the new features will bring 20 percent unit growth for the iPhone in fiscal 2018. If things go really well she thinks growth could climb as high as 30 percent.

Rumors of new features coming to the 2017 iPhone have been circulating for months. Some predictions have claimed the device will come with a new design that has thinner bezels, a curved OLED screen and no home button. Touch ID may be embedded into the display while wireless charging frees up the Lightning port for data use only.

Apple is supposedly planning to release three new iPhones this fall. Two of the new units may simply be updated versions of the iPhone 7 and iPhone 7 Plus. A third premium iPhone may be introduced with more futuristic features like facial recognition tech and a Touch Bar area at the bottom.