Apple shares to be fueled by new iPhone

Posted at 03/24/2014 11:27 AM | Updated as of 03/24/2014 11:27 AM

Apple Inc shares could rise by 20 percent over the next year, fueled by sales of a new version of its iPhone smartphone that is expected to have a bigger screen, according to an article in the March 24 edition of Barron's.

The iPhone 6, expected in late summer or fall, is certain to have a bigger screen than earlier versions, which could give iPhone users a major reason to upgrade or win back people who switched to other devices, according to the article.

The article notes that Apple shares currently trade at a deep discount to the market.