Apple stock price hits record high

Analysts predict new features including AMOLED display and wireless charging

Apple's share price has hit new heights, after analyst reports predicted a slew of new features for the next iPhone model.

The company's stock climbed to heights of $136.68 per share on Tuesday 21 February 2017, a jump of 0.71%. This beat the previous high of $135.72, which was set the previous Friday.

The increased investor confidence stemmed from a new report by Morgan Stanley analyst Katy Huberty, who increased her target price from $150 to $154 in a note to clients, seen by Business Insider.

She predicted the next update to the iPhone line, the iPhone 8, will have a series of brand new features, including an AMOLED display - as seen in high-end Android phones like the Samsung Galaxy S8 - rather than IPS,which Huberty claims will allow for "a curved form factor and longer battery life".

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In addition, she predicted that the new iPhone will feature wireless charging capabilities, an assertion that has been leant more weight by the news that Apple partner Broadcom is developing a chip featuring wireless charging technology.

According to Huberty, Apple could be looking at a return to big gains in the Chinese markets. While previous generations have sold exceptionally well in China, demand for the iPhone 7 was significantly lower.

However, Huberty said that "Apple is positioned to take net users from local Chinese smartphone brands", adding that major updates could tempt as many as 20% of smartphone owners to switch to iPhones.

"While we see accelerated upgrades for Apple's highest end users in all regions," she said, "our work suggests [Chinese] users are especially sensitive to new technology and form factor changes."

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