iPhone 6 rumors point to larger 4.8-inch display

iPhone 6 concept

“Despite still seeing risk to CQ4 and FY13 revs, we now believe better [gross margins] will allow Apple to skate by until iPhone 6 launches with its 4.8″ screen,” Misek wrote. ”We est ~50% of smartphone shipments have >4″ screens and that iPhone 6 will catalyze a large upgrade cycle.

The stock is attractive based on the attitude change, FY15 revs >+15%, and valuation.” The analyst also predicts that the new screen size could trigger a great number of upgrades.

“We think the 85M iPhones eligible for an upgrade when the iPhone 6 launches (we think Apple is targeting Sep 2014) could be boosted by another 5-10M from people who skipped the 5S/5C cycle,” he wrote.

In his note Misek also wrote that Apple shares increased by 1%.

Last week Korean site ET News claimed that the next iPhone will have a bigger-sized screen measuring at least 5 inch.