Last week I wrote a piece about why one investment bank thinks Apple is nearing the $1,000 per share price. Today, I will elaborate further how the iPhone 5 will play a big part in it.
As we already know, there has been a plethora of rumors regarding their sixth generation smartphone, but nothing has been confirmed. In a recent report from Gene Munster(one of the key analysts at investment bank Piper Jaffray), he shared ten reasons why Apple was going to (eventually) raise their share value to $1000 each.
The new iPhone 5 is expected to be nothing short of epic. Munster predicts that the upcoming model will feature a redesigned body, slightly larger four-inch screen, 4G LTE connectivity, camera with a mega-pixel camera, upgraded processor, and upgraded memory.
Munster also elaborated that the demand for iPhones in China will continue to grow within the next few years. This demand will further increase their value as a company, most particularly their ability to maintain gross margins over forty percent.
Within two weeks, Apple will hold their annual Worldwide Developers Conference in San Francisco where they will share information about new iOS updates, software programs, and future products. Many people are anticipating that this is when Apple’s chief executive officer Tim Cook will make an announcement regarding the future arrival of the next iPhone.
Apple’s next iPhone will probably become a bigger hit than the last and it should be. I wonder if the iPhone 5 will be their last smartphone and if this is indeed the last, what will they create to replace it? I have a feeling that it won’t be long until Apple ditches the smartphone for something even better. If and when this happens remains to be seen but I’m sure Apple has something wonderful in store for the future and I can’t wait to see what they do next.