Nobody knows when the iPhone 5S will officially launch, but one financial analyst predicts it will be sometime in late September. Wells Fargo’s Maynard Um estimates the highly anticipated smartphone will arrive on September 27th 2013.
Um explained, “Apple indicated a new product will launch in the fall (fall is officially September 22 – December 21), which we presume is the new iPhone. If Apple Inc. (NASDAQ:AAPL) sticks to a Friday launch, it most likely suggests a September 27th launch.”
Apple iPhone 5S release will likely coincide with iOS 7 launch
Apple initially said that they would launch a product in the fall and we know that the iOS 7 will debut around the same time frame. It’s expected that Apple Inc. (NASDAQ:AAPL) will release a new iPhone and new iPad before the holiday season begins. Current rumors indicate the iPhone 5S will feature a speedier processor, NFC, an improved camera, and perhaps fingerprint technology. There have also been reports that the next Apple smartphone will feature a larger screen or a larger body. Nothing has been confirmed and most likely won’t be until Apple Inc. (NASDAQ:AAPL) is ready to introduce the next gadget.
iPhone 5S excitement re-energizing fans
Not surprisingly, the iPhone is Apple Inc. (NASDAQ:AAPL)’s best selling product. The tech giant just reported over $35.3 billion in revenues and earnings of $6.9 billion. iPhone sales ousted estimates by selling 31.2 million units. Unfortunately, sales for the iPad declined from last year at 14 million.
Um added, “Adjusting for channel inventory, [iPad] units were down only 3 percent. We believe U.S. and Europe iPad sales were likely soft given Apple highlighted double-digit growth in China, Japan, Canada, Russia, Latin America, Middle-East and India.”
The iPhone 5S brings fresh new anticipation to the company as Apple Inc. (NASDAQ:AAPL) has yet to release a new product this year. With competition from Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930), which released the Galaxy S4 smartphone, it’s important that Apple gets back in their game by introducing the next great smartphone.