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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