iPhone to Account for 68% of Apple's Gross Profit This Year
Pacific Crest analyst Andy Hargreaves put out a note this week expressing his optimism regarding Apple's short term outlook. He believes Apple is planning to release a 4.7-inch iPhone 6 this year that could come with an even higher price tag than the iPhone 5S.
Hargreaves expects Apple to sell its first larger-screen iPhone for $299 with a two year contract, which would be $100 above what Apple currently charges for the 5S. At such a price point, the highly-anticipated large-screen iPhone could not only boost sales, but also improve Apple's stagnating profit margins. Given the fact that the iPhone is already Apple's biggest cash cow (see the chart for a breakdown of Apple's estimated 2014 profit), the prospect of improved margins on a top-selling new iPhone will bode well with Apple's shareholders who are keenly waiting for Apple to reignite its stuttering growth engine.
Description
This chart breaks down Apple's estimated gross profit for fiscal year 2014 by product category.
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