Analyst: WWDC May Have iPhone Surprise
Will Apple (NASDAQ:AAPL) surprise everyone with an iPhone debut at the Worldwide Developers Conference this year? Although most analysts believe that Apple won’t unveil a new iPhone until September, there is one analyst who is bucking the consensus and believes Apple is on a much faster refresh schedule than what most industry watchers have assumed.
According to ISI Group analyst Brian Marshall, Apple may unveil new models of the iPhone as early as the keynote presentation this Monday that kicks off the week-long WWDC. Not only does Marshall anticipate an early iPhone debut, he also expects that Apple will reveal a low-cost version of its iPhone along with the typical flagship upgrade.
Marshall wrote in a note to investors via Barron’s that, “While both have been anticipated for launch in the Fall time period, we believe AAPL may have actually accelerated the development of both new iPhones with production set to begin. We are encouraged by Tim Cook’s recent comments in a media interview that AAPL is open to broadening the family of iPhone products.”
Besides his bold iPhone launch date predictions, Marshall also predicts Apple will unveil a music streaming service, otherwise known as iRadio. Like many other analysts, Marshall also believes Apple will present upgraded MacBook models and updates to its Siri and Maps software.
Marshall has a Buy rating on Apple stock and a target price of $600. Apple closed up 0.76 percent, or $3.35, at $441.81 today. Here’s how Apple has traded over this past week.
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