After a seven-month run that took Apple (AAPL) shares to an all-time high in late September, the company’s stock plummeted more than 25% and touched new lows as 2012 drew to an end. According to Topeka Capital Markets analyst Brian White, Apple’s strong portfolio, a reversal of the negative news trend surrounding the company, and a fresh new “iPhone 5S” will help the stock rebound in 2013, and he maintains a Buy rating on Apple shares with a sky-high price target of $1,111.
Apple’s suppliers, the next-generation iPhone will represent a huge departure from earlier models. iPhone will have more choices for customers,” the analyst wrote. “This entails an expansion in both the color patterns and screen sizes with the next iPhone (i.e., likely called the iPhone 5S) that we currently believe will be launched in May/June with certain supply production starting in March/April.”
Rumor has it that the next iPhone will be available in five different colors: pink, yellow, blue, white & silver and black & slate. Also there will be two different screen sizes available on the device, marking the first time Apple has released one phone with multiple display size options. I am thinking the classic size and a 4inch screen option.