“Apple is widely expected to roll out a new iPhone with a bigger screen to meet the growing demand for such devices,” Benjamin Pimentel reports for MarketWatch.
“A Raymond James research note, published Friday, found a growing number of iPhone users are willing to pay an extra hundred bucks for a phone with a larger screen,” Pimentel reports. “‘Apple will likely charge a $100 premium for the 5.5 inch version that media reports have suggested will be available a few months after the 4.7 inch version,’ Raymond James analyst Tavis McCourt told clients in a note. ‘Our June consumer survey points to continued growth in the willingness of iPhone users to pay $100 more for a bigger screened iPhone, with now a full one-third of survey respondents willing to pay a $100 premium,’ he added.”
“In fact, he added, ‘data seems to suggest meaningful demand for a larger screen, which should logically mean the iPhone 6-cycle will be strong for upgrade sales, which combined with modest contribution from wearables should cause a modest acceleration in revenue growth in fiscal 2015,'” Pimentel reports. “Raymond James, which has an outperform rating on Apple, raised its price target to $102 from $86…”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz,” “Dan K.,” and “Will G.” for the heads up.]