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Kate Middleton coloring hobby revealed by Prince William
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iPhone 5 rumors: price target raised to $675 by analyst, Apple to be prepared for a big launch

by Nicole
March 18, 2012 at 5:10 am

In two research notes on Apple Inc. on Friday, UBS analyst Maynard Um estimates that Apple’s next iPhone is slated for an October launch.

UBS’s Maynard Um raised his price target to $675 from $550, adding that he expected that the release of an iPhone 5 this year will be the biggest in Apple’s history.

“We expect Apple to launch its redesigned iPhone 5 in October & expect the company to accelerate the number of initial carriers it sells into to drive its biggest launch ever,” the analyst wrote. “Although supply chain constraints are difficult to assess at this point, we expect Apple to be prepared for a big launch. While the iPad 3 reception & dividend are important, we believe the iPhone 5 will trump both as a catalyst,” reports The Mac Observer.

“The complete redesign should drive a stronger than average upgrade cycle for existing iPhone users and continue to encourage other smartphone and non-smartphone users to make the switch,” the analyst added.

Based on his theory that the next iPhone will benefit from a big launch, Um lifted his 2013 estimates to $180 billion in revenue and $50.43 per share in profit, higher than the previous $175 .8 billion and $48.83 per share.

However, the analyst notes that supply constraints might be a problem, but that they are currently hard to assess. In Q4 of 2011 Apple sold 37.04 million iPhones.

As for Apple’s other devices, such as the iPad, USB believes that nothing will beat the much-anticipated iPhone 5.

“While the iPad 3 reception and use of cash issues are important, we believe the iPhone 5 will trump both as a catalyst in 2012,” the analyst wrote.

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