The product upgrades Apple plans to release in the future can be seen in a preview. Multiple new features for the iPhone will be enabled by the company. Although it continues to face regulatory pressures, Apple continues to innovate in its most important product, the iPhone.
Apple stock might get a boost if the camera is upgraded.
According to a 9to5Mac report, the biggest upgrade to the front camera in years will be found in the iPhone 14 models. The devices are expected to come with a six-part lens in the front camera instead of the five-part lens that Apple has used in existing models
The front camera in the 2022 models is rumored to have an autofocus feature. Higher-quality photos and videos are expected with the feature.
Enhancements to the front camera are expected in the next series of the phone. Additional camera upgrades are expected in the more expensive Pro variant. Apple is rumored to keep the 12-megapixel sensor in the entry-level models, but upgrade the back camera to a 48-megapixel sensor in the Pro models.
According to the report, Sony, Largan, Alps, and Luxshare are some of the companies that have been tapped by Apple to supply its camera components.
The stock could reach new highs once the new iPhone 14 model is launched.
Wall Street takes.
KeyBanc analyst Brandon Nispel maintained a Buy rating on Apple stock with a price target of $191, which suggests 39% upside potential.
There are 21 Buys and six Holds in the consensus of analysts. The upside potential is implied by the average Apple price target of $187. The shares have declined.
The key lesson for investors.
The biggest revenue source for Apple is the iPhone business. As Apple operates in a highly competitive market, feature enhancements such as the rumored camera upgrades that make the iPhone more appealing could help it to at least defend its market share.
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