Apple shares to be fueled by new iPhone: Barron's

Sun Mar 23, 2014 11:35am EDT

A shattered large glass panel, part of Apple's cube store on Fifth Avenue, damaged from the results of the snowstorm on Tuesday is seen in New York, January 22, 2014. REUTERS/Shannon Stapleton

A shattered large glass panel, part of Apple's cube store on Fifth Avenue, damaged from the results of the snowstorm on Tuesday is seen in New York, January 22, 2014.

Credit: Reuters/Shannon Stapleton

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(Reuters) - Apple Inc shares could rise by 20 percent over the next year, fueled 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)

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Comments (3)
Maybe gay folks cant run multinationals successfully like straight folks can – jess sayin’

Mar 23, 2014 12:29pm EDT  --  Report as abuse
GMgravytrain wrote:
Don’t trust Apple’s share price to go up no matter what. Tim Cook running that company is a waste of time. This policy Apple has of not using reserve cash to increase revenue is terrible. Every quarter Apple misses iPhone sales numbers and the stock collapses. Apple is putting too much dependency on iPhone sales and revenue suffers. Apple should take some of that reserve cash and get into some non-hardware business to make revenue. Companies like Google and Amazon are into all sorts of businesses to make make revenue and they don’t have nearly the cash flow that Apple does. Tim Cook is just being lazy by not getting into other areas of business which Wall Street interprets as a company without a future of growth as the iPhone business has become crippled by Android.

While every other tech company has seen major share price gains over the past year as the entire stock market has been flourishing, Apple has shown almost next to nothing in share price gains compared with even mediocre companies. Apple refuses to return anything to shareholders, so investors avoid the putting money into the company. The company has become an unattractive investment at so many levels and the share price will continue to be a tech company laggard.

Mar 23, 2014 3:45pm EDT  --  Report as abuse
nose2066 wrote:
The new iPhone should also help increase employment in China and should help increase China’s trade surplus with America. Something to look forward to???

Mar 23, 2014 10:26pm EDT  --  Report as abuse
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