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A New iPhone Could Push Apple’s Stock to the $400 Mark

Seventeen percent of all Verizon customers could switch to the iPhone if it ever landed in the nation’s largest network. At least that’s what Katy Huberty from Morgan Stanley suggests, claiming that Verizon could sell 7 million iPhone units by year’s end. Further surveys reveal that 58% of all current iPhone customers plan to update to a next generation model, which would equate to the sale of 18 million new units. She contemplates whether Apple would drop the price of their iPhone (or an iPhone) by  $50, arguing that cheaper phone would ultimate sell more units. But amidst all these numbers, she boldly guesstimates that Apple may reach the $400 stock mark, which would be absolutely incredible (for any company) to reach. Time will only tell, an even though Android handsets are selling well, nothing has been slowing down the iPhone.

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