In a note to clients — as reported by “AppleInsider” ( — RBC Capital Markets analyst Amit Daryanani predicts Apple will revamp its MacBook later this quarter and release a new iPhone in September or October.

The investment bank reiterated its Outperform rating and an US$700 price target for shares of Apple. The firm believes Apple stock could hit $700 within the next 6-12 months, citing new MacBooks, an upcoming iPhone and a potential “iTV” connected television as catalysts.