Jefferies analyst Peter Misek recently revealed his predictions for Apple’s (NASDAQ:AAPL) upcoming media event that is being held in San Francisco next week, reports Barron’s. The Cupertino-based company sent out invitations on Tuesday for a media event that will be held on October 22. Although Apple remained typically tightlipped about what will be presented at the event, the invitation featured a teaser that stated, “We still have a lot to cover.”
Like most analysts, Misek believes that Apple will unveil a refreshed fifth-generation iPad, a second-generation iPad mini with Retina display, and a MacBook Pro update. Misek also speculated that the invitation’s mention of a “cover” may indicate a new kind of “smart cover” for Apple’s tablets.
Although some sources have reported that Apple has not produced enough iPad mini 2 units for an October release, Misek noted that, “Apple is more likely to launch in CQ4 with fewer units than delay it to CQ1.” However, the analyst believes that, “Initial launch supplies could be constrained to as few units as 2-5M.”
Misek believes that all five million units from the initial production run of the iPad mini 2 will be sold in the December quarter, out of the 27 million total iPads he expects will be sold during this period. According to Misek, Apple will also sell 15 million units of the original iPad mini, as well as 7 million units of the 9.7-inch iPad.
However, the analyst is only estimating revenue of $51.41 billion and EPS of $13.28 for the December quarter, reports Barron’s. This is lower than consensus estimates of $55.38 billion revenue and EPS of $13.90. Besides offering his thoughts on Apple’s next generation of iPads, Misek also predicted that Apple will unveil a refreshed MacBook Pro that will be upgraded with Intel’s (NASDAQ:INTC) next-generation Haswell processor that uses significantly less battery power. The analyst also believes that Apple may announce release dates for OS X Mavericks and the new Mac Pro.
Finally, the analyst predicted that Apple may even introduce an SDK for Apple TV that could be the first sign for Apple’s long-rumored “iTV.” Misek has a “Buy” rating and a $600 price target on Apple stock.
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