Trio of analysts expect Apple to debut next-gen iPhone earlier this year

“Shares of Apple (AAPL) are up $3.03, or 0.7%, at $433.61, following a quartet of notes defending the shares this morning,” Tiernan Ray reports for Barron’s.

“Three out of the four observers press the case that Apple will return to a prior tradition of unveiling a new iPhone during the summer months rather than the fall, in contrast to others this week who were shifting the time frame till later in the year, such as Barclays’s Ben Reitzes did on Wednesday,” Ray reports. “Credit Suisse’s Kulbinder Garcha reiterates an Outperform rating and a $600 price target, writing that he recently had a call with Apple CFO Peter Oppenheimer, who sounded ‘confident, yet realistic,’ and that Garcha came away with the impression ‘there are several longer term growth drivers that exist for Apple.'”

Ray reports, “Abhey Lamba with Mizuho Securities USA reiterated a Buy rating and a $575 price target, writing that a new iPhone model might come by mid-year… Raymond James’s Tavis McCourt reiterates an Outperform rating and a $600 price target, concurring that an ‘iPhone 5S’ may come earlier, probably in Q3.”

Much more in the full article here.

12 Comments

    1. That’s okay. I still have my 4S because I didn’t want to pay more than the normal cost of the phone. So put me and millions like me down for one!

    2. What, you mean even if it has telepathic thought control and teleportation built in? Just because of the name?

      I have the 3, 3s,4,4s and 5. I have no problem selling the previous one for a good price….or even just passing it on to another family member. Guess it’s going to be another sale here for the 5s too. Cannot wait!

    3. AP : I’m afraid I am with you on this one. I have the 4S currently and am waiting for a larger iPhone before I move up. The iPhone 5 just isn’t that much different from mine. I was hoping that a larger iPhone would be introduced in the fall but it looks like that won’t happen until next year. That’s too bad. Too bad for me and too bad for Apple’s stock price. Had they introduced a larger iPhone within the last 3 to 6 months, Apple would still be at $700 or above. This was a huge mistake by Apple. That’s very clear for anyone to see.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.