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Tech & Science Apple soars to all-time high after top analyst suggests 'completely wireless' iPhone could arrive by 2021

19:50  06 december  2019
19:50  06 december  2019 Source:   businessinsider.com.au

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Tim Cook et al. standing in front of a crowd of people
  • Apple breached an all-time high Friday, surging as much as 1.5% following reports detailing its upcoming iPhone lineup.
  • The company may release a new budget iPhone in the first half of 2020 and a high-tier, "completely wireless" phone in 2021, reliable Apple analyst Ming-Chi Kuo said in a Thursday note.
  • The company is also expected to reveal its first 5G-capable iPhones in fall 2020.
  • Apple stock was also boosted by a better-than-expected Friday jobs report, which drove 1% jumps in the three major US stock indexes.
  • Watch Apple trade live here.

Apple soared to an all-time high Friday, jumping as much as 1.5% following reports detailing its upcoming iPhone lineup.

There's more evidence that Apple may be making major changes to some of its iPhone sizes next year

  There's more evidence that Apple may be making major changes to some of its iPhone sizes next year Apple is ordering displays in 5.4-inch, 6.1-inch, and 6.7-inch sizes for next year's iPhones, according to a new report from ET News. This suggests Apple's successors to the iPhone 11 Pro and iPhone 11 Pro Max will come in new screen sizes. The report echoes previous predictions from well-respected analyst Ming-Chi Kuo, who also reported that Apple is planning to shake up the screen sizes for its next-generation iPhones. Visit Business Insider's homepage for more stories.

The company may release a new, high-tier iPhone without a Lightning port and a "completely wireless experience" as soon as 2021, Apple analyst Ming-Chi Kuo said in a Thursday note. The product would rely on wireless charging for its power source and would serve as a new way for the company to differentiate its more expensive phones from the rest of its lineup.

Kuo, who is well known for accurate Apple predictions, also expects Apple to roll out a new budget-model iPhone in the first half of 2020. The lower-priced model would resemble the iPhone 8 and boast a 4.7-inch LCD display, according to the analyst. Apple hasn't released a budget smartphone since 2016 with the $US400 iPhone SE, and such an update would give the company its widest-ever range of new iPhone prices.

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  I tried Apple's new battery case for the iPhone 11 Pro, and I didn't have to charge my phone for 3 days Apple's new $US129 Smart Battery Case for the iPhone 11 and 11 Pro is a reliable yet expensive option for those looking to get more juice out of their iPhone. When I tested the case using an iPhone 11 Pro, I didn't have to charge my iPhone for roughly three days. It costs significantly more than options from third-party accessory makers, but it does come with conveniences not found elsewhere like a dedicated camera button. Visit Business Insider's homepage for more stories.If you're anything like me, you probably feel like your phone's battery life can never last long enough.

Apple is expected to unveil its first 5G-capable iPhone lineup in fall 2020.

The stock jump also follows a Friday US jobs report that trounced expectations. The nation's economy added 266,000 nonfarm payrolls in November, higher than the 185,000 prediction among economists. The data also pushed the US unemployment rate to a historically low 3.5%.

The positive labour market update drove all three major US indexes roughly 1% higher.

Friday's surge further solidifies Apple's position as the world's most valuable company. The Cupertino, California-based company took back the market-cap crown from Microsoft on October 18 as better-than-expected iPhone 11 sales propped up its stock price. Several analysts previously anticipated consumers would skip the latest iPhone generation to wait for its 5G-enabled devices.

Apple was also the first publicly traded company to break the $US1 trillion market cap threshold, setting the record in August 2018.

Apple's first completely wireless iPhone without a charging port may be less than 2 years away

  Apple's first completely wireless iPhone without a charging port may be less than 2 years away Apple may release a new "completely wireless" iPhone in 2021 that would not include a Lightning charging port, according to analyst Ming-Chi Kuo. Such an iPhone would likely be the most expensive model in Apple's lineup in 2021.Apple is reportedly planning to release its first iPhone without the Lightning charging port in 2021, according to TF International Securities analyst Ming-Chi Kuo, who is well-known for his Apple product predictions. Kuo's research note was reported by several outlets on Thursday, including 9to5Mac,CNBC, and MacRumors.

The company traded at $US269.39 per share at 11:40 a.m. ET, up roughly 71% year-to-date.

Apple has 27 "buy" ratings, 14 "hold" ratings, and seven "sell" ratings from analysts, with a consensus price target of $US260.27, according to Bloomberg data.

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One of the top Apple analysts predicts next year's 5G iPhones won't be much more expensive than current models .
Ming-Chi Kuo, an analyst for TF International Securities, said in a research note Wednesday that next year's iPhone 12 models will not go up significantly in price, according to MacRumors. Kuo had previously predicted that Apple plans to launch five 5G-enabled phones in 2020. Apple may instead try to cut costs in its supply chain, despite potential added production costs of between $US30 and $US100 per phone, Kuo said in his note, which was seen by MacRumors. Visit Business Insider's homepage for more stories.

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