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After Apple(AAPL) on the June quarter results, investors turned their attention to the upcoming iPhone 13 phone launch forecast for next month. Apple stock rose slightly on Thursday.
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Loop Capital analyst Ananda Baruah reiterated his buy rating on Apple stock on Thursday. In a note to customers, he said Apple could introduce a “slew of new products” this fall, including the iPhone 13.
Other products coming this fall include Apple Watch 7 smartwatches and AirPods 3 wireless headphones, Baruah said.
In September, Apple is expected to introduce four smartphones with modest upgrades to the iPhone 12 series components. In addition to the standard iPhone 13, Apple will offer a smaller-screen Mini model and more capable Pro and Pro Max models, Baruah said. These will be Apple’s second-generation 5G cordless handsets.
Sideways trading of Apple shares
Bigger design changes are coming with the iPhone 14, expected in late 2022, Baruah said. He believes Apple will ditch the Mini model and make the standard iPhone 14 the base model. The company could call the more expensive models Pro, Max, and Ultra, he added.
Also on the agenda this fall are updates to Apple’s iPad Mini tablet and MacBook Pro laptop, Baruah said.
Apple stock has been trending sideways since the Cupertino, Calif.-Based company reported much better-than-expected third-quarter financial results on July 27.
In the stock market today, Apple stock rose a fraction to close at 147.06. It hit a record 150 on July 15.
Since the start of the year until Thursday, Apple stock is up 10.8%.
Follow Patrick Seitz on Twitter on @IBD_PSeitz for more articles on consumer technology, software, and semiconductor inventory.
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