Apple to Release its Highly Awaited 5G iPhones at Any Moment

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Apple shares were on the rise on Monday, seeing their biggest gains for the company since July 31 after the company reported a phenomenal third quarter.

The tech giant is expected to reveal today the first major redesign of the iPhone’s exterior since 2017 and is also expected to release four separate iPhones at different screen sizes and prices. Additionally Apple is also expected to release iPhones with 5G cellular network, promising faster download times.

“We expect this fall’s launch to be the most significant iPhone event in years,” Morgan Stanley analyst Katy Huberty remarked.

The analyst is projecting Apple will ship about 220 million iPhones in its fiscal 2021, which would be up 22% year-over-year, according to the Morgan Stanley model.

“With our estimation that 350 million of 950 million iPhones worldwide are currently in the window of an upgrade opportunity, we believe this will translate into an unprecedented upgrade cycle for Cook & Co,” the firm wrote.

Analyst Huberty also raised her fiscal 2021 revenue and profit estimates by 2%. She now sees fiscal 2021 profits of $4.07 a share, which is 20 cents above the Street consensus.

On Monday Leaker Kang posted on Chinese social media site Weibo that there will be four models of iPhones that range in price from $699 to $1,099, according to The Verge.

The models include an iPhone 12 Mini with a 5.4-inch display, which starts at $699 and will be available for preorder on Nov. 6 or 7 with retail availability of Nov. 13 or 14. The 6.1-inch iPhone 12 will start at $799 and be available to preorder on Oct. 16 or 17, with release on Oct. 23 or 24. Both models come with storage options ranging from 64 to 256 gigabytes.

Shares of Apple are up almost 70% year to date.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.

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