Apple Event Preview: iPhone 12 Is Coming. What To Expect?

$Apple(AAPL.US)$ event is set for October 13 at 10 a.m. PDT, where the company is expected to announce an iPhone 12 with 5G capabilities, the first iPhone to connect to the new, ultra-fast wireless network, and several accessories products.

Our @moo_Live will sync the Apple Event to moo community for Apple stockholders and fans to get the first-hand info, come and enjoy!

Technology media CNET states that although Apple has maintained a veil of mystery, the outside world does have a lot of "relatively certain" understanding of the iPhone 12. Based on what had been revealed from iOS 14, it can be seen that the software and hardware functions of this new iPhone have many changes and improvements. The most likely changes include the newly designed small component management mode, noise elimination function, and to be equipped with A14 bionic chip and support 5G network.

Of course, the price of the new iPhone is the most concerned in all analyses. Based on the opinions of all parties, there is a consensus that the basic iPhone 12 model will be cheaper than the iPhone 11 which starts at $699.

Morgan Stanley said that Apple's new product launch will push the technology giant's stock to continue to rise and outperform the market throughout 2021. Morgan Stanley raised Apple’s 2021 revenue and earnings forecast by 2%, which is 5% to 6% higher than market consensus, because it sees "Apple’s upcoming event as a catalyst to boost Apple’s price target to $130.

Under the anticipation of the new product launch, the stock price of $Apple(AAPL.US)$ rose sharply. It rose more than 7% during the intraday session yesterday, and finally closed at $124.4, an increase of 6.35%, the largest one-day increase since July 31.