AFP/Getty Images
By Fortune
September 3, 2014

This post is in partnership with Fortune, which offers the latest business and finance news. Read the article below originally published at Fortune.com.

By Philip Elmer-DeWitt

Piper Jaffray’s Gene Munster on Tuesday raised his Apple price target to $120 from $105 and offered clients a preview of the media event the company has scheduled for next Tuesday. His version differs in several respects from conventional wisdom in the business press.

Munster expects to see:

  • An iPhone 6 with a larger screen (4.7-inch), faster (A8) chip, better battery life, more RAM and an improved camera
  • An iPhone 6L with an even bigger screen (5.5 inch) to compete with the Samsung Galaxy Note
  • A hard sapphire screen on the top-of-the-line 64-GB iPhone 6L
  • A NFC (near field communications) chip in both phones and some way of showing it off
  • Good (70% ) chance Apple will unveil a “payment feature,” but not necessarily a full-fledged “payment platform”
  • 50% chance Apple will introduce a watch next week. (Most tech reporters are echoing re/Code’s prediction that a “wearable” will be unveiled a week from today, but won’t ship until next year.

For the rest of the story, please go to Fortune.com.

Contact us at editors@time.com.

Read More From TIME

EDIT POST