Analyst: Apple Will Not Disappoint on September 9
Ahead of Apple’s September 9 event and amid high expectations for the iPhone 6, iOS 8, and new features — confirmed and unconfirmed — like HomeKit, HealthKit, and an NFC mobile payments system, investment bank Piper Jaffray is optimistic that next week’s announcements will kick off a successful season for Apple.
In a note to investors on Tuesday, Piper Jaffray analyst Gene Munster raised his price target for Apple to $120 from $105. He expects the upcoming launch of new products and services to “give investors optimism,” citing the iWatch, HomeKit, HealthKit, and payments as evidence that the “platform theme is expanding.” HomeKit and HealthKit are both frameworks launching with the iOS 8 mobile operating system, and will enable developers to more closely integrate third-party accessories and apps with the iPhone and iPad.
HomeKit will enable users to control connected smart home devices, and HealthKit will enable devices and apps to share health and fitness-related data with each other and with Apple’s iOS 8 Health app. Both platforms were unveiled with iOS 8 at Apple’s Worldwide Developers Conference in June.
With a September 9 event confirmed and a September 19 availability date implied, Munster expects the launch of the iPhone 6 in two different sizes. The two screen sizes are expected to be 4.7 inches and 5.5 inches, both larger than the 4-inch display of the iPhone 5S and 5C. On Forbes, Gordon Kelly writes that the 4.7-inch model is expected to be virtually identical in size to the Google Nexus 5, a popular Android smartphone, with leaked schematics putting the iPhone 6 at 5.438 by 2.63 by 0.27 inches versus the Nexus 5′s measurements of 5.43 by 2.72 by 0.34 inches.