Repeating its usual practice of introducing their new products in September, Apple Inc. (NASDAQ:AAPL) will introduce iPhone 6 on the 9th of September. In an interview on Yahoo! Finance, Aaron Pressman, Yahoo! Finance tech reporter, said that this iPhone could be a game changer, although it cannot be guaranteed at this early stage.
“This iPhone is going to look really different than the last couple of iPhones. And I think one of the complaints that has generated is ‘nothing new here, it even looks the same.’ It is going to have a bigger screen, 4.7 inch screen, from a 4 inch screen, or even a phablet, a 5 inch screen. It will have some new features in there. There might even be payment system, health and home automation system […], ” he said.
However, Pressman stated that all the features cannot be predicted, agreeing that the next month will be one of speculation. Most of the innovation is going to be on form factor and some of the software.
“The stock [of Apple Inc. (NASDAQ:AAPL)] has had a huge run. I was just looking at the Wall Street estimates and fact sets, and they have not gone crazy. One thing is, that Apple’s guidance in the last quarter for this quarter was pretty modest so people think that the actual deliveries of the iPhone is going to be very late in the quarter, and it is really more of a fourth quarter event. So there are high expectations, but not crazy right now,” he continued.
The recent developments in China, where government agencies have been banned from procuring Apple Inc. (NASDAQ:AAPL) products could have some detrimental effects, but it is not expected to affect Apple Inc. (NASDAQ:AAPL) as badly as it affects other companies. However, in the last quarter, almost all of Apple Inc. (NASDAQ:AAPL)’s revenue gain came from China. Thus, a continuation of stringent laws affecting them could be extremely detrimental to Apple Inc. (NASDAQ:AAPL). One of the results of this news was that Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) went up by 2% almost immediately.
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