iPhone 5S Will Be Apple's "Most Successful Launch Ever"

How much success will
enjoy when the next iPhone is released later this year?
Trip Chowdhry, the Managing Director of Equity Research at Global Equities Research, is convinced that it will set a new record for the company. "The new iPhones will be massively successful," Chowdhry told Benzinga this morning. "This will be the most successful product launch ever in the history of Apple." These are surprising words from Chowdhry, who has been very critical of Apple's managers. He frequently criticizes Apple for failing to deliver new and innovative products on a regular basis. "Innovation does not exist at Apple," Chowdhry affirmed. "Where is Apple TV? Where is iWatch?" Chowdhry said that Apple needs to have a "complete innovation equation in place" and that it is time for CEO Tim Cook to move on to other work. "He's an operational guy," said Chowdhry. "I'm not saying he's a bad guy. He should be heading up operations." With so much pessimism toward Apple, some investors may wonder why Chowdhry would ever think that the iPhone 5S (and its cheaper companion) will be successful. Chowdhry outlined a few reasons as to why the new iPhone will persevere:
  • Chowdhry's research shows that many smartphone users in India, Malaysia and Thailand buy cheaper Android phones thinking they are essentially iPhones.
  • By releasing a low-cost iPhone, Apple can close the gap and cash in on those customers.
  • The ongoing patent battle (including Apple's win versus Samsung's SSNLF loss) will help Apple differentiate between its products and those of its competitors.
Chowdhry also believes that
, the upcoming movie about the life of Apple co-founder Steve Jobs, will evoke positive emotions toward Apple and its products. Disclosure:
At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ

Posted In: AppleGlobal Equities ResearchiPhone 5SjobsSteve JobsTim CookTrip ChowdhryAnalyst ColorSuccess StoriesAnalyst RatingsTech

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.