The Financial Post relays an investor note from Misek who says the wait for a larger display is due to the time required to transition the device's display technology.
Mr. Misek also noted that the supply chain is primed for an iPhone 5S and pivoting to the iPhone 6 will take at least two or three quarters. So if consumers assume an iPhone 6 is coming out next summer, why would they want to buy an iPhone 5S? Mr. Misek believes new colours, a faster processor and a better camera will be the major improvements Apple offers.
Additionally, Misek believes that Apple will launch a mobile payment platform using third-party clearing and Passbook. Fingerprint authentication is said to be part of the process as well as barcode reading.
Apple is expected to reveal some of its future plans at WWDC 2013.