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By Fortune
September 3, 2014

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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.

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