Apple preparing multiple iPhones, analyst expects September launch

Apple preparing multiple iPhones, analyst expects September launch
Apple is preparing to start mass production of multiple iPhone models in the June to July timeframe, according to Morgan Stanley's Katy Huberty who met with key Apple suppliers in Hong Kong and Taiwan. Moreover, the new iPhones are expected to launch in September.

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


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