Beverly Hills, CA -- (ReleaseWire) -- 04/04/2014 -- Laureate BVI issued a report stating iPhone 6 will be released in September of 2014. Production of the hardware has already begun with companies such as GT Advanced who provides the Sapphire glass to be used on the iPhone 6 and iWatch and manufacturer Foxconn beginning trials.
For the quarter, Apple posted revenue of $57.6 billion and net quarterly profit of $13.1 billion, or $14.50 per diluted share, compared to revenue of $54.5 billion and net quarterly profit of $13.1 billion, or $13.87 per diluted share in the year-ago quarter.
Laureate BVI issued a buy on Apple (AAPL) in 2010 when the stock was trading at US$240.00 per share and then removed the stock from its recommended list on January 16, 2014 locking in a 130% gain for investors.
Peter Tasca, CEO of Laureate BVI states, “Our main concern with Apple is that this is the first time in 10 years the company has had year-over-year revenue decline, I believe the iPhone 6 will solidify its leadership role but will not help the stock. Apple has great products and a great CEO but the company is maturing and it will find it difficult to grow its share value.”
Laureate predicts iPhone 6 will be released in September of 2014 because of Apple's guidance for the second quarter of fiscal 2014 includes expected revenue of $42-44 billion and gross margin between 37 and 38 percent.
Tasca notes, “This guidance reflects an expectation for near zero growth from Q2 of fiscal 2013, therefore any new product launches will occur in Q3.”
Laureate reports, our channel checks reveal GT Advanced has purchased 518 sapphire furnace and chamber systems and ordered another 420. These machines have the capability to produce between 150 million to 200 million sapphire displays.
Laureate issued a buy on GT Advanced (GTAT) on 03/03/14 at US$14.33 with a target price of US$20.00.
According to Tasca, “we believe the company that is going to benefit the most from iPhone 6 is not Apple buy GT Advanced who will now have significant to further advance the function of Sapphire Glass.”
About Laureate Trust
Laureate Trust is a leading financial services company with a proud reputation for adapting to marketplace trends and delivering results to clients worldwide. The proven advisory teams combine product and sector expertise with access to global capital to offer exceptional results in any market environment. In 2013 this multiple platform strategy returned +23.01% net of all fees.
In 2014 Laureate launched a Referral Fee Programme that will pay 2% commission of the initial deposit and then a management fee for the life of the account. “We want our partners to benefit from every bit of success they help us generate” said Tasca.
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