Apple to Reach $1 Trillion Market Cap; Next-Generation iPhone to be “Amazing”
If you’re planning to buy the iPhone 4S or sign up for a contract with a free phone, you might want to hold off on your purchase. An analyst from Topeka Capital Markets says Apple’s next-generation iPhone will be nothing short of amazing, with features and a design that will make the iPhone 4S pale in comparison.
Analyst Brian White toured production facilities in Asia, and made a few recommendations to investors (and perhaps consumers) with his observations. White says he made the analysis just in time for Apple’s usual timing for the production of new models, and highlighted that the new iPhone will come with a radically changed design. “In our view, this will be the most significant iPhone upgrade with a four-inch screen and a new, sleek look that we believe will require a Unibody case.”
With this new update, Topeka Capital says Apple’s stock is likely to jump closer to the anticipated US$ 1,001 price target, “dwarfing previous launches” of the iPhone and iPad.
The analysts estimate that suppliers will start manufacturing components by June, although it is more likely that the new model will be launched August or September 2012, in line with usual product cycles by the company. Apple just launched its latest iPhone 4S in October 2011, and the company is known to release upgrades or product refreshes approximately a year after they launch devices like the iPhone and iPad.
If Apple does surpass the US$ 1,000 stock price, it would be the first company to be valued at over a trillion dollars. Apple’s stock price soared higher than Google’s for the first time last week.