Analyst Sees Two New iPhones This Summer, Could Spur Massive Upgrade Cycle - Apple (NASDAQ:AAPL)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

ISI believes Apple's (NASDAQ: AAPL) new iPhone may spur the “mother lode” of upgrade cycles.Brian Marshall, analyst at ISI, points to two new iPhones, which will have 4.7 and 5.5 inch displays. The analyst believes Apple's lack of large-screen iPhones may have been the company's biggest product misstep. Apple has never released two radically different iPhones at the same time.Marshall expects the current upgrade rate of 9 percent to increase into the 12 to 14 percent range in the second half of 2014.The analyst reiterated a Strong Buy rating and $600 price target.Shares of Apple are up 0.59 percent to $527.78.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!