Technology

Apple iPhone 12 leaked ahead of official announcement

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Tim Cook wearing glasses and smiling at the camera

Apple is expected to reveal four new iPhones at its virtual press event later today.

'We remain buyers of Apple shares ahead of the event and anticipate strong global iPhone demand to drive positive earnings revisions and stock outperformance throughout FY21'. This comes as investors have aggressively re-rated the stock over the last two years: During Q4 CY18 Apple traded ~12x earnings; it now trades at ~37x earnings - well ahead of the Nasdaq's PE of ~22x.

The iPhone 12 will be 5G capable and will be available in 64GB/128GB/256GB storage variants starting at $799 United States dollars.

"We're expecting the iPhone 12 series to contain enough models to form a 90s pop band, with four or five versions that could include the base model, a mini, a Pro, a Max and a Pro Max".

Although many other smartphone manufacturers have already launched a number of 5G-enabled phones, including rival phone makers Samsung, Huawei and Google, industry experts believe the firm's entry into the 5G market is still expected to cause a stir.

Rumors have said that the iPhone 12 mini will have a 5.4-inch OLED display and the iPhone 12 will come with a 6.1-inch OLED screen. We just got our first glimpse at the iPhone 12, iPhone 12 Mini, iPhone 12 Pro, and iPhone 12 Pro Max.

Though Apple's share price has faced selling pressure over the last month - amid a broad based decline in USA tech stocks - enthusiasm around the company's upcoming event appears to have driven up investor enthusiasm. Or to put it simply, the mother of all iPhone 12 series leaks.

And yes, there appear to be leaks for the new phones. You don't have to wait for Apple's event to see what the new iPhones look like.

By the looks of it, Apple is going to launch the HomePod mini in a space grey and white, just like its predecessor.

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