Cowen & Company analyst Timothy Arcuri thinks Apple's smartphone sales will remain strong this year and the upcoming iPhone 6 will drive those numbers up enough to warrant bumping his target price for the company's stock from US$90 up to $102. He said Apple has been able to maintain strong sales despite the fact that it doesn't offer a smartphone with a larger screen, although that's expected to change this fall with the launch of the iPhone 6.
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Everyone is expecting bigger screens and bigger sales for the iPhone 6 this fall. Get ready for a lot of disappointment in the stock market if Apple sticks with the current iPhone 5S display.