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Here's What We Know About the Next iPhone

Stocks in this article: AAPLGOOGGTATQCOMBRCM

Apple's fiscal first-quarter revenue from the iPhone was $32.498 billion, up just 6% year-over-year. On Apple's earnings call, Cook blamed the weakness on North America. "Our North American business contracted somewhat year over year," Cook said on the earnings call. "And if you look at the reason for this, one was that as we entered the quarter, and forecasted our iPhone sales, where we achieved what we thought, we actually sold more iPhone 5Ss than we projected." He also noted that the recent carrier upgrade policy changes affected sales, and will likely have some effect this quarter as well.

With Samsung's recent launch of the Galaxy S5, Misek believes that monthly builds for the Google (GOOG) Android-run S5 will have lower monthly builds than its predecessor, which may benefit Apple. "We believe the combination of pent-up demand for a larger iPhone and possibly less intense competition from Samsung bodes well for the iPhone 6 launch."

Various industry reports, blogs, and initial leaked photos have suggested that the next version of the iPhone will have no bezel, giving users more screen to work with. Reports have also corroborated with Misek's theory of a larger screen for the next iPhone, with some suggesting Apple may make two phones, one with a 4.7-inch display, and another with a 5.5-inch display.

There's also increased speculation about the glass Apple is using for its next iDevices, potentially making them unbreakable. Apple has contracted GT Advanced Technologies (GTAT) for its sapphire plant. The company recently gave 2014 guidance, and said it expects revenue to be back-loaded towards the second half of 2014, also adding credence to Misek's theory about an iPhone coming in the summer, or potentially later.

It's possible that the next version of the iPhone uses sapphire for its glass, as sapphire is one of the hardest and most scratch-resistant minerals on Earth.

Apple is likely to include updated versions of its mobile chips. Last year, Apple announced the A7 and M7 chips for the iPhone 5s, with the M7 being used for motion-sensor detection. It's a good bet that Apple unveiled the A8 and M8 chips in the next version of the iPhone, which may lead to a faster phone. 

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