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

August 30, 2016 11:13 AM EDT
Get Alerts AAPL Hot Sheet
Price: $119.04 --0%

Rating Summary:
    60 Buy, 10 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade AAPL Now!
Join SI Premium – FREE

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments

Related Entities

RBC Capital

Add Your Comment