Apple shares to be fuelled by new iPhone
A report in Barron’s says the company’s shares could jump by 20 percent over the next year.
NEW YORK - Apple Inc. shares could rise by 20 percent over the next year, fuelled by sales of a new version of its iPhone smartphone that is expected to have a bigger screen, according to an article in the 24 March 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.