Apple Fans Should Not Get Their Hopes Up For iPhone 5 Event: Jefferies

Apple Fans Should Not Get Their Hopes Up For iPhone 5 Event: Jefferies
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Apple Inc. (NASDAQ:AAPL) will unveil its much anticipated iPhone 5 tomorrow. Everyone is excited to know the different innovative features of the new mobile device. Are there big surprises?  Analysts from Jefferies expect fewer surprises.

Apple Fans Should Not Get Their Hopes Up For iPhone 5 Event: Jefferies

Analysts are certain that the iPhone 5 has a 4-inch screen and is 20 percent thinner than the iPhone 4s. The smartphone will be LTE global capable, with backward compatibility to both CDMA and GSM. The iPhone 5 is of course, powered by iOS 6.

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The research firm wrote, “We believe Apple will unveil the iPhone 5 on September 12. While there may be fewer surprises than there have been in prior years (as the number of leaks seem to be uncharacteristically high this time around), we still see numerous catalysts for the shares to perform well over the next couple of months and the next year.”

During the event, analysts believe Apple Inc. (NASDAQ:AAPL) will announce an iPod update, more colors for the shuffles, new models for the Nano, and that the iPod touch will look like the iPhone 5. According to them, there is a possibility the iPhone 5 will be equipped with NFC technology and an updated camera. Apple might also announce a new tier-1 carrier, AirPort extreme upgrade, with top WiFi access and TD-SCDMA support.

Jefferies believe Apple Inc. (NASDAQ:AAPL) will be unlikely to announce a new model for iMac. The research firm expects a separate announcement by October. There will be no upgrade for the Apple TV set-top box, and  the iPad Mini will not be introduced. Analysts also believe it is unlikely for a TD-LTE support system, and T-Mobile will not serve as a carrier for the iPhone 5.  According to analysts, there is no chance for an iTV.

Analysts expect the pre-orders for the iPhone 5 will start on Septemeber 14. The mobile device will be available for sale in retail stores on September 21.

Apple is also expected to announce its invitation for the iPad Mini event on October 10. The launching of the device is expected by the end of October.

Jefferies’ price target for Apple Inc. (NASDAQ:AAPL) stock is $900 per share.

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