March 23, 2014 / 3:38 PM / 3 years ago

Apple shares to be fueled by new iPhone: Barron's

A shattered large glass panel, part of Apple's cube store on Fifth Avenue, damaged from the results of the snowstorm on Tuesday is seen in New York, January 22, 2014.Shannon Stapleton

(Reuters) - Apple Inc shares could rise by 20 percent over the next year, fueled by sales of a new version of its iPhone smartphone that is expected to have a bigger screen, according to an article in the March 24 edition of Barron's.

The iPhone 6, expected in late summer or fall, is certain to have a bigger screen than earlier versions, which could give iPhone users a major reason to upgrade or win back people who switched to other devices, according to the article.

The article notes that Apple shares currently trade at a deep discount to the market.

Reporting by Lewis Krauskopf; Editing by Sophie Hares

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