Apple has apparently shown interest in raising the price of its next generation of iPhone models by $100, and has sought approval from carriers to do so, according to one Wall Street analyst.
Investment firm Jefferies, which slashed its price target for Apple stock in March after incorrectly expecting a television set from the company in 2012, is once again bullish on the iPhone maker, and on Monday advised investors to buy.
Investment firm Jefferies believes there is a 25 percent chance Apple will miss its quarterly guidance, and has accordingly cut its price target for AAPL from $500 to $420.
Apple will begin preliminary builds of the successor to the iPhone 5 in March, setting up for an earlier-than-expected debut in June or July, according to a new report.
Investment firm Jefferies helped to send Apple stock downward Monday morning when it cut its price target from $900 to $800, but the financial group also predicted that Apple will launch its next iPhone and iPad as early as June, followed by a television set in the fall of 2013.
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AppleInsider Staff
Neil Hughes
