Apple Inc (AAPL.O) shares could rise by 20 percent over the next year, fuelled by sales of a new version of its iPhone smartphone that is expected to have a bigger screen, according to an article in the March 24 edition of Barron's.
The iPhone 6, expected in late summer or fall, is certain to have a bigger screen than earlier versions, which could give iPhone users a major reason to upgrade or win back people who switched to other devices, according to the article.
The article notes that Apple shares currently trade at a deep discount to the market.
(Reporting by Lewis Krauskopf; Editing by Sophie Hares)
Trending On Reuters
Apple Inc has acquired Metaio, a German company whose technology melds real-world imagery and computer-generated elements into moving video presentations, according to a corporate filing. Full Article
Virtual reality film aims to raise funds by giving Nepal quake experience Full Article