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Apple Inc. (AAPL) Has Major iPhone Overhaul in the Works: Analyst

Apple Inc (AAPL) iPhone 7

Apple Inc. may be working to give a big overhaul to its iPhone lineup next year, claims a report from trusted Apple analyst Ming-Chi Kuo. The analyst expects the firm to come with an iPhone that would have glass on the top and bottom and an AMOLED display along with the support for the wireless charging, says a report from 9to5Mac.

Apple Inc (AAPL) iPhone - FBI

Revamped Apple iPhone lineup

Kuo notes that the body and display of the phone will be curved, making it similar to Samsung’s Galaxy Edge. Also, the tech giant may release a 5.8-inch iPhone next year, claims Kuo, who has a good reputation when it comes Apple’s upcoming launches. In November, Kuo predicted of a 4-inch iPhone, and this turned out to be right with Apple releasing the 4-inch iPhone SE just days back.

“We expect the 2017 new iPhone model to adopt a structural design similar to that of iPhone 4/ 4s, meaning it will be equipped with glass on both the front and back sides, and a metal frame surrounded the edges. The difference is that the new model will likely come with a curved screen and curved glass casing, with other important features including a 5.8-inch AMOLED display, wireless charging, and more biometric recognitions (facial or iris). Given the curved design, the new model may look smaller than an existing 5.5-inch iPhone,” Kuo says.

For 2017, Kuo mentions two scenarios based on the supply of the AMOLED displays. If the supply is adequate, then Kuo expects Apple Inc. to release a 4.7-inch LCD-based iPhone along with a new 5.8-inch AMOLED iPhone. And, if the supply of the AMOLED display is short, then the firm will release 4.7-inch and 5.5-inch LCD iPhones, similar to its current lineup, and the 5.8-inch AMOLED model as the third option at the high-end.

Kuo’s latest forecast suggests that the iPhone 7, expected later this year, may not be very different from the earlier models. Instead, the big changes can be expected next year. Such big changes will be a major departure from Apple‘s usual way of keeping the same body format for a couple of years. The current iPhone 6s and 6s Plus are the second year of the current body style.

Apple stock. Will it decline?

Meanwhile, many are fearing that Apple’s stock may decline after an important company executive has sold a large amount of common stock shares. Apple’s COO – Jeffrey Williams – recently offloaded 268,644 shares in a single transaction on March 22. The shares were sold at $106.91, implying the total transaction worth of $28,720,730.

Before this transaction, Williams sold 46,873 Apple Inc. shares in two lots in October last year. Now, Williams hold only 3,079 shares in the iPhone maker. Williams joined Apple 18 years ago, and before this he worked with IBM for 13 years. At Apple, he was initially in charge of the worldwide procurement in 1998, and after six years, he was promoted to the VP of operations. In 2010, he was again promoted to senior VP.

Also, Luca Maestri – Apple’s CFO and Senior VP sold 18,241 shares on March 15. It appears that the insiders do not have any hope of Apple‘s shares rebounding anytime sooner. Another indication of bearish sentiment on Apple’s shares is short interest the stock has jumped by 5.3 million shares to 52.7 million for the period that ended March 15.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

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