New report says the iPhone 8 isn't delayed at all

Posted May 09, 2017

Barclays PLC downgraded Apple from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $119.00 to $117.00 in a report on Tuesday, January 24th.

Shares of Apple closed Friday up 1.7% at $148.95, with a consensus analyst price target of $151.44 and a 52-week trading range of $89.47 to $148.98. Apple comprises approximately 1.8% of Davy Asset Management Ltd's holdings, making the stock its 23rd largest position.

Personally, I do not see Apple missing this opportunity.

Does anybody care about the current cycle?

AirPods were, of course, launched past year at the September iPhone 7 event, and after numerous delays in release and shipment, finally made it to the hands of the users.

Another upgrade for the iPhone is said to be glass backs.

According to a team of JPMorgan analysts, the iPhone 8 will sport higher quality speakers, improved water resistance compared to the iPhone 7, and AirPods in the box instead of EarPods.

And, indeed, that's how it has been playing out.

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We have heard a number of rumors saying that the new 4.7 inch and 5.5 inch iPhone 8 handsets would launch in September and that the new OLED iPhone 8 would launch later on. Since the technology is only a patent, there's no guarantee if it'll ever make it into an iPhone. Apple's manufacturing costs are lower, or course, but the more expensive AirPods would add to the iPhone 8's price, or cut into Apple's margins.

The expectations around the next generation of iPhone models - particularly the premium OLED version - are an entirely different matter. This will essentially give the phone a more edge-to-edge display appearance and also help thin down on the bezels.

Apple shares touched more than $153.44 on Monday, giving it a market capitalisation of slightly over $800bn.

So, what's the risk, then?

Apple's "super-cycle" isn't as "super" as many investors expect, leading to investor disappointment and a potentially significant drop in the stock price.

According to Forbes, Apple is planning to introduce the iPhone 7S, iPhone 7S Plus and iPhone 8 this year.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. "We believe the market became overly negative on Apple for all the wrong reasons", White wrote. Retirement Planning Group now owns 10,507 shares of the iPhone maker's stock valued at $1,188,000 after buying an additional 44 shares during the period.