major makeover for Apple's iconic smartphone with a larger screen, a form factor redesign and LTE connectivity. He sees the launch boosted by faster than usual carrier rollouts of the phone and a buzz about the handset being one of the last products that the late Steve Jobs had a hand in designing.
Wells Fargo sees further unit growth for the iPhone which is important considering that the device accounted for 43% of Apple's revenue and 56% of its gross profit last year. There are some risks, according to the bank. Competition or low demand could lead to the drop in the average selling price of the Apple iPhone, or growth could slow due to tougher comparisons with last year's strong numbers. Other risks include a weaker economy, shortages of parts, higher expenses and its numerous legal disputes.