$1,000 Apple analyst shares what he learned in Asia on the next iPhone

We reported this morning that Apple has now begun internally seeding a prototype next-gen iPhone with the A5X chip that debuted in the new iPad and 1GB of RAM. Based on his recent trips to China and Taiwan, Topeka Capital Market analyst Brian White, who has Apple’s price target at $1,001 as of this morning, shared some new details of what he described as “the buzz around the new iPhone 5.” According to White (via Barron’s), he expects a “sleek” new iPhone to launch in the December quarter. He also expects the device to sport a new 4-inch display and include 4G LTE capabilities.

White set his price target based on an expected August or September unveiling of the product. He also claimed the launch “could be extraordinary” by dwarfing previous launches and driving the stock closer to our $1,001 price target.” According to the report, Apple is expected to start component production for the “iPhone 5″ in June.

White also claimed sales of the new iPad could have been higher if not for a production issue with panel makers related to the new Retina display. Last month, Apple announced its “strongest iPad launch yet” with sales of three million new iPads on its debut weekend…
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New report says Apple’s iTunes to hit $13 billion in revenue in 2013

A new report by Global Equities Research says Apple’s iTunes will hit $13 billion in revenue in fiscal 2013. To reach that point, GER says iTunes will grow at a rate of 39%, or 13% a year. This report cites all parts of the Apple store ecosystem including music, apps, and books, will contribute to the growth. GER believes the iBookstore will have a major role.

Our research with students indicates that they would rather have books on iPad vs. Kindle.

The analyst also believe the rising number of iPad apps will contribute to the growth. Six months ago the average iPhone and iPad user only had 15 apps, and now they have 45. Who knows, maybe with the announcement of the iPhone 5 and iPad 3 these numbers could shoot even higher. Read more