Apple is expected to introduce a number of new technologies in this year's anticipated flagship "iPhone 8," but it is the efforts to integrate the Touch ID fingerprint sensor into the handset's display that are apparently causing the company the most trouble.
Estimates for Apple on Wall Street remain "way too low," in the eyes of analyst Timothy Arcuri, who believes that the combination of a new iPhone form factor with an aging install base could create a "powder keg" for shares of the company.
Led by the blockbuster debut of the iPhone 7 series, Apple exceeded Wall Street's expectations with its holiday quarter, sending shares of the company's stock higher and prompting analysts to revise their price targets upward.
New details on this year's anticipated "iPhone 7s" upgrade and "iPhone 8" redesign have emerged, with a Wall Street analyst claiming the iPhone's 10th anniversary will be celebrated with a new jumbo-sized model featuring a 5.8-inch OLED "fixed flex" screen.
Analysts are starting to chime in on what they are expecting to see in Apple's forthcoming earnings report, with the latest prediction increasing both revenue and earnings per share significantly over earlier estimates.
As Apple's iPhone install base continues to grow, so too do the number of customers who are likely to upgrade to a new handset, representing what one investment firm has dubbed a "powder keg" that could propel shares of AAPL higher.
Even without launching in China, Apple's iPhone 6 and iPhone 6 Plus got off to a record start with 10 million units sold in three days, and analysts on Wall Street reacted Monday with enthusiasm, expressing their high hopes for this year's upgrade cycle.