“Though Garcha maintained a $150 price target and ‘outperform’ rating for shares of AAPL, he did cut his calendar year 2016 estimate to $7.80, and revised his calendar year 2017 EPS estimate downward by 5 percent to $9.67,” Silverberg reports. “But a major redesign for the iPhone in 2017 has Garcha eyeing EPS of $12.32 in 2018.”
“Significant innovations are expected to be pushed out to the 2017 iPhone, which Garcha predicted will break convention and be named an ‘iPhone 8,’ rather than a ‘7s,’ Silverberg reports. “Rumors have suggested the 2017 iPhone will feature a curved glass case housing a 5.8-inch AMOLED display. It’s also been said that Apple could embed many feature — including the Touch ID sensor, FaceTime camera, and speaker — into the display itself.”
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MacDailyNews Take: The lower the expectations are set for iPhone 7, the more spectacularly they will be exceeded.