When speculations about the next generation iPhone seem to gaining momentum in the blogosphere with every passing day, the latest information came from the Wells Fargo analyst Maynard Um who said that the 2012 iPhone launch "will be the biggest product launch in consumer electronics' history."
Wells Fargo reiterated its Outperform rating on Apple's stock with a valuation range of $640-660 on Wednesday.
The firm said "new iPhone launches and the resulting earnings upside driven by demand have historically been the biggest share catalysts for Apple." Trading at 10.5x Wells Fargo's FY13 estimate, the investment bank believes Apple stock are now undervalued but will see a major leap after "the biggest product launch in consumer electronics' history (iPhone 5 in fall)," reported StreetInsider .
Meanwhile, Um sent a note to AppleInsider stating "We believe Apple's combination of brand, innovation, and ecosystem are unmatched and see the company as well-positioned to continue to take value share in its core smartphone, tablet, and PC markets."
Talking about the growth of company, the bank mentions that iPhone accounts for 43 percent of its revenue and 56 percent of its gross profit in 2011. Currently the company is showing a "healthy pace" of growth in iPhone unit shipments, believes Wells Fargo.
Among other features, iPhone 5 is expected to sport In-Cell Panel, Liquidmetal Casing for smooth outer surface, 7.6 millimeters thin case, 4G LTE connectivity, new 19-pin mini dock connector, 4-inch display with 16:9 aspect ratio, 3D camera, A6 (or variant of A5x) processor, iWallet and NFC and many more.
Um also indicates that another major product, a so-called "iPad mini," is also on its way, along with new iMac, Mac Pro and iPod models. But Apple will not launch the highly expected "iTV" television set before 2013, he adds.
