When it comes to Apple (News - Alert), you can never be too sure whether or not the rumors surrounding new devices are real or imagined. Whenever a new report surfaces, you have to take it with a grain of salt, though in recent years genuine reports have had more hits than misses. The latest report indicates that Apple is already busy working on an iPhone (News - Alert) 6, or iPhone 5S depending on who you talk to. The new iPhone is reported to be getting a June release date.
This particular report is calling the device an iPhone 5S and says that Apple is actually taking a much different tact than previous generations of their signature phone. The iPhone 5S is said to be coming in a wider selection of colors and there will even be two different screen sizes to choose from. This news comes at a time when Apple is struggling in the stock market for the first time in quite some time, which could be the reason for the leak to begin the New Year. At least one investment company, Topeka Capital Markets, thinks that the computing giant's stock is bound to rebound with news like this.
“Apple is our top overall pick for 2013,” Analyst Brian White wrote in a note to investors on Wednesday that discussed Topeka’s stock picks moving into the new year. “With the 25 percent correction in Apple’s stock from the high in September, the stock is now trading at just 7.7x our CY13 EPS estimate (less cash) and the company’s portfolio has never been stronger, in our view.”
White believes that the next iPhone will come in five different colors: yellow, blue, white and silver, pink and black and slate. White didn't specify what his company believed the screen sizes would be, but he believed that one device would also be less expensive than the other, further helping Apple to penetrate the smartphone market.
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Edited by Rich Steeves