Analyst: A Larger iPhone Will Become a Reality in 2014, iWatch Will Be More Than a Smartwatch

Analyst: A Larger iPhone Will Become a Reality in 2014, iWatch Will Be More Than a Smartwatch
Cantor Fitzgerald’s Brian White says that Apple will finally launch an iPhone with a bigger screen in 2014, according to an investor note relayed by BGR.

“Our meeting with a tech supply chain vendor highlighted a bigger iPhone is in the works, and our contact expects a launch in the 2Q:14/3Q:14 time frame,” White wrote in a research note on Thursday morning. “Nearly a year ago, our research in Asia uncovered early stage work on a larger iPhone, and we indicated in our Apple initiation report dated 9/4/13 that ‘a larger screen size on the iPhone is possible in 2014 that could approach 5 inches.’ Given today’s meeting, we are confident that a larger iPhone (approximately five inches) will become a reality in 2014.”

White also believes that the iWatch will be much more than just a smartwatch.

“Our contact also discussed the ‘iWatch.’ Although thoughts around the ‘iWatch’ have been widely covered by the media, this potential device has yet to be launched, and the use case discussions have been rather rudimentary,” White wrote. “As an Apple supplier, our contact offered insight into the ‘iWatch’ and described this potential new device as much more than an extension of your iPhone but as a multi-purpose gateway in allowing consumers to control their home (i.e., heating/cooling, lights, audio, video, etc.). We found this discussion interesting as it opened our eyes to why the ‘iWatch’ has the potential to appeal to a much broader audience of consumers than just another mobile device.”

White has a Buy rating on AAPL with a 12-month price target of $777. His report corroborates a recent one from DisplaySearch that predicted Apple would release a 4.7-inch and 5.7-inch iPhone in 2014.

[via BGR]


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