Apple, Inc. (NASDAQ: AAPL) on Tuesday sent out invites for its Sept. 12 iPhone launch event, which goes with the tagline 'Wonderlust."
Deepwater Asset Management's co-founder and Managing Partner Gene Munster weighed in on the invite and what it signaled regarding the event.
What Happened: The tagline "Wonderlust" is a combination of the words Wanderlust and wonder, Munster said in a post on X, formerly Twitter.
The word wonder may have been used to suggest Apple is releasing new products that previously we could only imagine, he said.
"Déjà vu, the wow factor in the iPhone Pro will likely be anchored with the improved camera," the fund manager said.
The wanderlust part, according to Munster, is about the exploration that points to the Apple Watch. The general consensus is that Apple will release two watches, namely the Apple Watch Series 9 and a second-generation Ultra Watch, he said.
The pixelated logo pointed toward some new material or finishes for the iPhone 15 Pro series and the Apple Watch Ultra, Munster said. The tech expert said he is rooting for a blue iPhone 15 Pro.
"On my long shot wish list, a new iPhone mini," Munster. Apple discontinued the mini-series, which has a display size below six inches, after the iPhone 13, due to its poor uptake.
Why It's Important: Apple's September hardware launch events are always important because it launches the newest iPhones, which fetch the company a bulk of its revenue.
Munster said the products launched in September will likely lay the groundwork for Apple's revenue growth going from a 1% drop in the September quarter to a 5% increase in the December quarter.
Apple closed Tuesday's session up 2.18% at $184.12, according to Benzinga Pro.