RBC Expects These 8 Features for Apple's (AAPL) iPhone 7

August 30, 2016 11:13 AM EDT
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In addition to weighing in on today's unfavorable tax ruling, RBC Capital analyst Amit Daryanani reviewed features he expects from the Apple (NASDAQ: AAPL) iPhone 7, which was confirmed to be unveiled at at September 7 event.

Daryanani expects the iPhone release will be around 9/16 with pre-orders starting ~9/9.

Features they expect:

1) upgraded A10 processors deployed by TSMC;

2) no 3.5mm headphone jack going forward;

3) improved water resistance;

4) 7+ will feature dual-lens camera (digital SLR-like quality);

5) entry-level memory configuration at 32GB (vs. currently 16GB);

6) 3GB DRAM for 7+ and potentially even for iPhone base model as well;

7) pricing: we expect pricing to be $649-$849 for iPhone 7 (depending on memory) and $749-$949 for iPhone 7+; and

8) faster LTE: we expect both 7 and 7+ to have faster up/download speeds given what we have seen on the baseband and RF side.

The analyst expects iPhone 7+ supply will be constrained, especially during the initial phase of the launch. He said using dual cameras for 7+ could impede the available production capacity for the phone given module limitations and yield challenges at suppliers.

The firm maintained an Outperform rating and price target of $117 on AAPL.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $106.82 yesterday.

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