In a note to investors on Monday, Topeka Capital Markets analyst Brian White claims that following a tour of suppliers in both China and Taiwan he believes these companies are set to start production of components for the iPhone 5 in June, which makes for a fall release date.
“The buzz around the new iPhone 5 is growing in Asia and speculation around the timing of the launch has begun,” White wrote.
The analyst also estimates that also believes that the next-gen iPhone will sport 4 inches and it will have 4G LTE connectivity.
“In our view, this will be the most significant iPhone upgrade with a four-inch screen and a new, sleek look that we believe will require a Unibody case,” he wrote. “This new, sleek look will be the most important reason that consumers decide to upgrade.”
White also expects that Apple’s next smartphone will push the company’s stock to a $1,001 price target by the end of the year.
He believes that the iPhone 5 “could be extraordinary, dwarfing previous launches and driving the stock closer to our $1,001 price target.”
These rumors confirm recent reports that stated the next iPhone will be different from the company’s previous two models, the iPhone 4S and iPhone 4.