This report agrees with what we’ve just heard about Sharp kicking off screen production for a future Apple iPhone 5S device in June.
"After a slow start, iPhone 5, is now on track to meet carrier volume expectations and iPhone 4 price cuts could stimulate incremental demand near-term," Huberty wrote in a note. "Carriers see the opportunity for Apple to expand market coverage with 5-inch and lower-priced iPhones over time. TD-LTE licenses, and related phone launches, are expected by year-end."
Morgan Stanley has earlier lowered its Apple stock target to $540, but it is still valued “overweigh” meaning it’s a good investment at its current price.
source: Apple Insider