“Expectations are rising for Apple’s newest iPhones, coming next month, which will carry larger screens and possibly fatter profit margins,” Aaron Pressman reports for Yahoo Finance.
“With Apple’s rumored iPhone introduction less than a month away, Asian factories have already cranked up production on the next version of the popular smartphone, generating numerous leaks of new features,” Pressman reports. “Apple shares are up 16% over the past three months, as anticipation builds. After closing at $99.16 on Monday, the stock is nearing its all-time high, adjusted for the June split, of $100.72, reached in September, 2012. In afternoon trade on Tuesday, shares are at $100.29.”
“Apple’s current models offer just a 4-inch screen, but the 2014 versions are expected to provide 4.7-inch and possibly even 5.5-inch views,” Pressman reports. “If Apple introduces a 5.5-inch model, it will certainly cost more, but some analysts think even the 4.7-inch model could carry a $100 premium. That could offset a normal decrease in profit margins that Apple typically suffers in the quarter when it rolls out a major new product.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]