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.
