In a note to clients — as reported by “Barron’s” (http://macte.ch/WaU4a) — Topeka Capital Markets analyst Brian White, who rates Apple shares as “buy” with an US$1,001 price target, says “the buzz around the new iPhone 5 is growing in Asia and speculation around the timing of the launch has begun.”
He says the inclusion of a 4G wireless connection in what he expects to be a new, “sleek” iPhone frame with a 4-inch screen should lead to a December quarter debut that “could be extraordinary, dwarfing previous launches and driving the stock closer to our $1,001 price target.” White thinks component production will start in June, but a formal introduction of the next gen Apple iPhone likely won’t happen until August or September.
