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The release of the next generation iconic device to come out of Apple – the iPhone 5S, will certainly boost numbers for the tech giant. All kinds of numbers. And even if the device is not out yet, analyst Maynard Um was one of the first to reconsider the range for AAPL shares which fluctuates between $525 and $575.
He believes that with the addition of a new groundbreaking fingerprint sensor technology, the company will jump ​​back in the saddle and become once again number one in the tech industry. He believes that the new technology, which is to be most likely incorporated into the iPhone 5S, is the key to open many doors in the consumers’ eyes.
“As consumers increasingly rely on mobile devices to transact and store personal data, a reliable device-side authentication solution may become a necessity”.
And he might be right. In a world where a lot of transactions and payments are made via our tablets or our smartphones, security must be increased to fend off from various hacking attacks. But most importantly, not only the regular folks will benefit from the implementation but also corporations, which will add an extra big bonus to sales, of course.
Um goes on to say that he believes Apple will expand even further by adding more than 100 carrier partners which will most likely increase its shipments with an additional 31.5 million in the 2014. With the coming of the cheaper iPhone 5C in the near future, such a step will become imminent for Apple.
“We believe AAPL has become less rigid with wireless operators, which we see as critical, as we believe an appropriately priced iPhone is not enough by itself to expand distribution.”
Source: AppleInsider
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