According to Jefferies analyst Peter Misek, Apple Inc.’s (AAPL
) iPhone 6 is likely to come out late this summer. The analyst went on to say that he believes that phone will have an updated camera module processor and possibly a new co-processor.
Misek said: ”Our checks indicate Apple is trying to improve yields and cost down the On-Cell screens for the iPhone 6. Additionally, we believe Apple is working on significant modifications to the camera module processor and potentially a new co-processor alongside the M7 for biometrics and sensors related to health. We believe these modifications require more time and as a result a late summer launch is now more likely.”
The analyst said that he doesn’t believe that an integrated modem/WLAN key will be available in the iPhone 6, but will probably be included in the iPhone 6s.
Misek also commented on Apple’s upcoming iWatch: ”We believe iWatch production yields remain extremely challenged based on our supply chain work, but continue to see iWatch as a 2014 event, especially in light of the wearables focus at MWC 2014. While we continue to see the smartwatch addressable market as limited, we were unimpressed with competitor products at MWC and believe Apple can quickly gain share. We believe CarPlay, iWatch, and other wearables/IoT opportunities can strengthen Apple’s ecosystem and create a halo effect for iPhone/iPad/Mac sales.”
Apple shares were down $1.31, or 0.25%, in pre-market trading. YTD, the company’s stock is down 3.96%.
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