After Apple‘s (AAPL) blowout June-quarter earnings report, investors have shifted their attention to the upcoming iPhone 13 handset launch forecast for next month. Apple stock inched higher on Thursday.
X
Loop Capital analyst Ananda Baruah on Thursday reiterated his buy rating on Apple stock. In a note to clients, he said Apple could introduce a “slew of new products” this fall, including the iPhone 13.
Other products likely coming this fall include the Apple Watch 7 series smartwatches and AirPods 3 wireless earbuds, Baruah said.
In September, Apple is likely to introduce four smartphones with modest component upgrades from the iPhone 12 series. In addition to the standard iPhone 13, Apple will offer a smaller screen Mini model and more capable Pro and Pro Max models, Baruah said. They will be Apple’s second-generation 5G wireless handsets.
Apple Stock Trading Sideways
Bigger design changes are coming with the iPhone 14, due in late 2022, Baruah said. He believes Apple will discontinue the Mini model and make the regular iPhone 14 the base model. The company could call the pricier models the Pro, Max and Ultra, he added.
Also on the docket this fall are refreshes to Apple’s iPad Mini tablet and MacBook Pro notebook computer, Baruah said.
Apple stock has been trending sideways since the Cupertino, Calif.-based company reported much better-than-expected fiscal third-quarter results on July 27.
On the stock market today, Apple stock rose a fraction to close at 147.06. It hit a record high 150 on July 15.
Year to date through Thursday, Apple stock is up 10.8%.
Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
YOU MAY ALSO LIKE:
Survey Reveals Which Tech Companies Consumers Trust The Most
Zebra Technologies Races Past Wall Street’s Second-Quarter Targets
Is Apple Stock A Buy After Its June-Quarter Earnings Report?
Find Winning Stocks With MarketSmith Pattern Recognition & Custom Screens
