The investment bank Wells Fargo believes shares of Apple are currently undervalued and will see growth after it’s expected "biggest product launch" in both company and industry history with the next-generation iPhone, which is expected to arrive in October.
Wells Fargo research has shown that Apple stock jumps 23 % on average from the date that a new iPhone is launched to the day after earnings results for the handset's first quarter are announced.
Analyst Maynard Um expects Apple's next iPhone to include a "complete form factor redesign" and "true 4G" cellular technology. He believes the handset's launch will be boosted by an anticipated more-rapid carrier rollout than previous years and buzz from the device possibly being one of the last products that late CEO Steve Jobs had a hand in designing.
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