Share:

Analyst: ‘iPhone 6’ Will Make a Large Number of Android Users Switch

Share:

According to analyst Brian Marshall from ISI Group, Apple’s redesigned larger display ‘iPhone 6’ will not only drive significant upgrades among existing iPhone users, but will also convert a large number of Android users to Apple’s platform, AppleInsider reports. The analyst predicts as many as 14% of existing 260 million iPhone owners to upgrade to ‘iPhone 6′ when Apple launches it in the second half of 2014.

iphone 6

Marshall also speculates that Apple will release two new iPhone models “to better serve the existing smartphone market”. He believes that Apple will introduce one handset with a 4.7-inch screen, and another with a large 5.5-inch display. He further predicts that the new models could drive $3.00 in additional earnings per Apple share, while rating AAPL stock as a “strong buy” with a price target of $600.

“Marshall said that while new product introductions — such as the recently announced CarPlay or a rumored “iWatch” — generate buzz, the iPhone remains Apple’s most important product, representing 60 percent of its gross profits.

Marshall is one of a large number of investors who are widely expecting Apple to introduce a larger iPhone later this year. Just last week, Andy Hargreaves of Pacific Crest predicted that Apple’s next handset will feature a 4.7-inch display and a $299 starting price tag.”

While the analyst believes Apple will launch a handset in the 5.5-inch range, Ming-Chi Kuo of KGI Securities has maintained that Apple won’t exceed 5 inches on a larger iPhone display.

Share:

Deals