Apple Inc (NASDAQ AAPL) is expected to unveil the much-anticipated iPhone 6 at an event on Sept. 9, and analysts have been expecting great things for the company’s stock. They say that this time, shares won’t fall after the announcement. Instead, many believe the exact opposite thing will happen.
Analysts believe that with the iPhone 6 launch, Apple stock may not see the decline it has historically had after introducing new products. Alpha One Capital Partners founding partner Dan Niles told CNBC this week that the iPhone 6 launch could have a very different effect on Apple stock than previous launches. He believes the upcoming model will be the company’s best product since the iPhone 4 or 4S. In that model, Apple added the two cameras—one that faces to the front and another that faces to the back.
Niles believes that the iPhone 6 will drive a bigger than usual upgrade cycle because it is expected to be much bigger than the previous model. In fact, he said he hasn’t upgraded his phone in three years, and he thinks that he isn’t the only one who has been waiting for a good reason to upgrade. He thinks a bigger iPhone is a good reason.
Apple Inc (NASDAQ AAPL): Apple AAPL Stock
Niles isn’t the only analyst who expects the iPhone 6 upgrade cycle to be huge. Analysts from multiple firms have been echoing the same thing for months. And if the upgrade cycle is huge, they generally think Apple stock will climb rather than fall after the iPhone 6 is released. UBS managing director Steve Milunovich has said that the iPhone 6, plus the rumored iWatch, will help push Apple shares higher, saying again that this time around, things will be different for Apple.
The UBS analyst still has a Buy rating and $115 per share price target on Apple stock. He said that with the iPhone 6, Apple will begin addressing one-third of the smartphone market that it does not currently address.
[grabpress_video guid=2f8108f432fae6672204d0070ef107131baf86d0 embed_id=2151919]
Apple Inc financial news (NASDAQ AAPL)
Even though analysts mentioned the iWatch, the iPhone 6 should be “the main event.” However, some analysts’ price targets for Apple could be conservative because they haven’t included any impact from the iWatch into their models.
Thanks for visiting the TechNews.org website. Be sure to catch all Apple Inc (NASDAQ AAPL) financial news, bookmark us and check all the videos and news articles regarding the Apple stock.