Monday, February 26, 2024
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Expect bigger iPhone 6, new Apple products: Pro

Apple's stock price will likely get a boost in the second half of the year from new products, including a bigger iPhone 6 to compete with ever-increasing screen sizes from competitors, Steve Milunovich of UBS said Monday.

"The next couple of quarters still look a little tough," he said on CNBC's "Halftime Report," adding that channel checks are suggesting slowing demand for iPhone and iPad orders, making for soft quarterly results in March and June.

"Investors are really looking out for the second calendar half, when we're likely to get the larger-screen iPhone 6," he said. "I think there's going to be pent-up demand for that."

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