“With Apple’s annual World Wide Developer Conference behind us for another year, analysts are looking through the pieces the company dropped in our laps during the keynote presentation for clues as to what might be coming next. Wells Fargo analyst Maynard Um thinks iOS 7’s fall release schedule means we’ll get a new iPhone in September,” Jeff Gamet reports for The Mac Observer.
“‘The availability of iOS 7 in the fall reinforces our expectation for an iPhone launch in September,’ Mr. Um said,” Gamet reports. “Apple has released new iPhone models along side major iOS updates in the past, so it seems likely we may see that again, and a September launch fits since the iPhone 5 was launched in September 2012.”
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Gamet reports, “Mr. Um’s 12 month target range for Apple’s stock is between US$485 and $525.”
Read more in the full article here.