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The iPhone 6, the next major upgrade to Apple Inc.'s (Nasdaq: AAPL) flagship product, isn't due out until September.
But we've gleaned enough leaked information to project that it will bring in enough revenue and profit to get Apple stock back to its all-time high – $100.72 – and beyond.
So what do we know about the iPhone 6?
Other than its likely release date, the consensus is that the iPhone 6 will come in not one but two larger display sizes – 4.7 inches and 5.5 inches – than the current top-of-the-line iPhone 5S, which has a 4-inch display.
Apple misjudged the popularity of larger-screen smartphones, but the strong sales of such phones based on Google Inc.'s (Nasdaq: GOOG, GOOGL) Android operating system hints at significant pent-up demand for a larger iPhone – and not just in the United States.
"This is a smart move for them," said Money Morning Defense & Tech Specialist Michael Robinson. "The emerging markets, particularly China, they like a larger screen. Forty percent of the smartphones sold in China recently were five inches or larger. So this larger iPhone really helps segment them, and it comes after the China Mobile (NYSE ADR: CHL) deal. I think this is going to be very successful."
We also know that the iPhone 6 will run Apple's latest mobile operating system, iOS 8, which was discussed in detail at the company's Worldwide Developers Conference (WWDC) earlier this month.
You can be sure that the iPhone 6 will be designed to exploit such iOS 8 features as the HealthKit app, which helps users track health and fitness, and iBeacon, which sends shopping information to a user's phone based on where they're standing inside a store.
And of course there should be the usual upgrades to the cameras, battery life, central processor, etc., that will make the iPhone 6 a very compelling buy for both customers new to the platform as well as those wishing to upgrade.
And there are plenty of current iPhone owners ripe for an upgrade. According to Morgan Stanley (NYSE: MS), about half of all iPhone owners in the United States are still using an iPhone 4 or iPhone 4S.
A survey in April by research firm ChangeWave showed that 40% of early adopters were at least "somewhat likely" to buy an iPhone 6 – "the highest level of demand for an unannounced Apple model in a ChangeWave survey," Andy Golub of 451 Research told Fortune.
Now let's take a look at how the sales success of the iPhone 6 that will affect AAPL stock…