Apple Inc. (NASDAQ:AAPL) has confirmed that it will hold an event on October 22. The company’s invitations to the event simply stated that the company still had a lot to cover, but analysts seem pretty certain about what the company will release this time around. Apple rumors, when viewed with a critical eye, have become more and more accurate in recent years.
The iPad 5 will probably arrive at the October 22 event. There is a diminished but high probability of the iPad Mini with Retina Display arriving on the day. MacBook refreshes are also likely, but there doesn’t seem to be much drive for a full redesign of the MacBook Pro or the MacBook Air this time around. A new report from Jefferies analyst Peter Misek takes a look at the rumors surrounding the company’s next big launch.
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Apple iPad 5 release
The release of the iPad 5 at the October 22 event seems to be the only thing that analysts following Apple Inc. (NASDAQ:AAPL) are sure about. Everything else is a little up in the air. Misek thinks the company will release a new iPad with incremental improvements, but no revolutionary change. The addition of an iPhone 5S-style fingerprint scanner is likely the biggest change to the tablet computer.
There will be worries with the iPad Mini with Retina Display supply, according to Misek. He thinks that Apple Inc. (NASDAQ:AAPL) is facing trouble with production, but is more likely to sell the tablet in limited supply for Christmas than to wait for the first quarter of next year.
Misek also asserts that Apple Inc. (NASDAQ:AAPL) will continue to sell the iPad Mini alongside the iPad Mini with Retina Display, as it did with the MacBook Pro. He didn’t give any information about the prospective pricing of the two models, or margins numbers.
Misek is very positive on Apple Inc. (NASDAQ:AAPL) prospects. He has a price target of $600 on the company’s stock , and rates the firm a Buy. The analyst also seems pretty confident about the future of the iPad 5 and the iPad Mini with Retina Display. He projects the tablets will sell 7 million and 5 million units of the tablets respectively in the fourth quarter.
The Apple Inc. (NASDAQ:AAPL) event will be an interesting one, but the company’s first quarter earnings report will be even more important. If the firm puts a Retina panel in the iPad Mini, analysts are going to want to see margins.
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