Apple iPhone World

Ready for the iPhone 2.0? According to RBC Capital Markets analyst Mike Abramsky, you are not alone.


Mr. Abramsky and his team have found a strong global demand for the next-generation iPhone device with about 20% of survey respondents waiting to buy the device, 70% of which are new buyers.


What will the Apple Inc.’s new device hold? Mr. Abramsky speculates it will use its 3G technology to “intensify consumer anticipation by showcasing iPhone 2.0’s user experience.”


“For example, video chat/calling, robust internet browsing under 3G (cut/paste, embedded video, etc), location services, and new applications, including gaming, Exchange integration, etc. Also we expect iTunes App Store to launch, and a new global marketing campaign for iPhone to follow,” said Mr. Abramsky.


Mr. Abramsky assumes the new iPhone will begin shipping in July and could move 14 million units this year, about 4 to 5 million in the first 90 days.


Mr. Abramsky has an “outperform” rating on Apple shares with a US$220 price target. As of 2 p.m. ET, Apple was trading at US$188.36, down US$1.06, on the Nasdaq index.