Apple will likely bring out its next iPhone in late June, projects Piper Jaffray analyst Gene Munster.
Assuming that forecast comes true, Munster believes Apple will sell 4 million units of the new phone before the month and the quarter are over. That estimate compares with the 5 million iPhone 5 handsets sold during that model's opening weekend.
The analyst expects Apple to sell 30 million iPhones over the June quarter, a 15 percent increase over the same quarter a year ago.
What will the iPhone 5S offer over its predecessor?
Like most analysts and Apple watchers, Munster expects … Read more
Apple needs to launch a low-cost iPhone to boost earnings and market share, says BTIG analyst Walter Piecyk.
In an investors note out today, Piecyk said he raised his opinion on Apple stock to "buy" from "neutral" based partly on the assumption that a low-cost iPhone will launch before the year is over.
The analyst's crystal ball sees around 36.5 million such iPhones sold in fiscal 2014 at an average non-subsidized price of $300. Assuming that projection comes true, the lower-cost iPhone could add $11 billion in revenue to Apple's next fiscal year, … Read more
Avoiding all fanfare, Apple appears to have quietly unveiled a new version of its low-end iMac. This machine is for educational institutions only, which can snap it up for $1,099 saving $200 over the regular model.
It's unclear when Apple debuted the new iMac on its education institution Apple store, but according to MacRumors it appears to have been very recently. The tech news site says that the $1,099 version has replaced the earlier $999 iMac for educational institutions -- which was launched more than a year and a half ago.
The new iMac is 21.5-inches … Read more