iPhone 5 will be Enormous

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We’re less than a month away from Apple’s iPhone 5 unveiling, and analysts and investors are pumped.  Shares of Apple stock hit an all-time high on Friday thanks to iPhone 5, Apple HDTV and iPad Mini news and rumors.

FBR Capital analyst Craig Berger says, “The iPhone 5 has the potential to generate the most promising device upgrade cycle in Apple’s history.  We calculate that the device represents an opportunity to generate earnings of $50 per share throughout its life cycle.  We estimate that Apple should sell 250 million iPhone 5 units at an average ASP of $575, generating nearly $144 billion in revenue, $77 billion in gross profit, and $47 billion in net income.”   Additionally, he sees huge hype, big volume from smartphone buyers coming off contracts, and a massive China Mobile launch in early 2013 as potential catalysts.

Apple’s next iPhone will be unveiled during a press conference on September 12th. The device is expected to become available for preorder that same day, and a report suggests it will go on sale the following week on September 21st. Rumored specs include a 4-inch display, 4G LTE, NFC and a new design that is just 7.6 millimeters thin.

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For the last 20 years, David Novak has appeared in newspapers, magazines, radio, and TV around the world, reviewing the latest in consumer technology.His byline has appeared in Popular Science, PC Magazine, USA Today, The Wall Street Journal, Electronic House Magazine, GQ, Men’s Journal, National Geographic, Newsweek, Popular Mechanics, Forbes Technology, Readers Digest, Cosmopolitan Magazine, Glamour Magazine, T3 Technology Magazine, Stuff Magazine, Maxim Magazine, Wired Magazine, Laptop Magazine, Indianapolis Monthly, Indiana Business Journal, Better Homes and Garden, CNET, Engadget, InfoWorld, Information Week, Yahoo Technology and Mobile Magazine. He has also made radio appearances on the The Mark Levin Radio Show, The Laura Ingraham Talk Show, Bob & Tom Show, and the Paul Harvey RadioShow. He’s also made TV appearances on The Today Show and The CBS Morning Show.His nationally syndicated newspaper column called the GadgetGUY, appears in over 100 newspapers around the world each week, where Novak enjoys over 3 million in readership. David is also a contributing writer fro Men’s Journal, GQ, Popular Mechanics, T3 Magazine and Electronic House here in the U.S.