Apple Inc.(NASDAQ:AAPL)’s product event, which is to be hosted on Wednesday, is just feeding the fire of speculations that are abuzz in the market about the devices that might be launched. Analysts are focusing on the new iPhone and it is being said that the iPod digital music players might be released with some improved features as well.
For months the market has been flooded with all kinds of theories about the smaller version of iPad being developed by Apple but news about the iPad Mini might not be revealed at the event. Apple was also supposed to come with a TV set, but the developments and launch period is vague and uncertain according to Shaw Wu of Sterne Agee.
Earlier Apple has never revealed any information about new products prior to their launch and their stance in this case remains the same. They had previously stated during summer that a new mobile operating system called iOS 6 will be unveiled during fall. A new OS meant the development of a new phone as well and that is how speculations began about iPhone 5, which will grab the spotlight.
Don't Forget To Get live News On AAPL's Event Here
The new iPhone will have a 4-inch screen and a thinner body with a metal backing. Other features include an upgraded processor and a super fast connection to high-speed LTE networks. The connection port might not be the typical 30-pin connector like before, and that might reduce capacity of third-party products like speaker docks to synchronize with the device.
Abhey Lamba of Mizuho Securities has put a price target of $750 on the stock as he has high hopes about the product doing extremely well. However, the new in-cell display has limited manufacturing yields that might affect availability, which is why Lamba said iPhone shipments in the last quarter will be 46 million units as opposed to his earlier prediction of 51 million.
Misek of Jefferies has said that a new version of iPod nano and a revamped iPod touch might be unveiled on Wednesday. But Wu has expressed doubts about the iPad Mini being launched in the near future. Despite mixed theories, Apple’s stock soared by almost 64% when compared to the first half of the year.