logo
  Join        Login             Stock Quote

Apple (AAPL): Cheaper iPhone Coming In June, Analyst Says

 February 11, 2013 01:25 PM
 


(By Balaseshan) Apple Inc. (NASDAQ: AAPL) is expected to release a cheaper variant of iPhone during June at an estimated price range of $250-$350, according to media reports.

A cheaper version will open up "attractive new growth opportunities in China and elsewhere around the world," Topeka Capital analyst Brian White wrote in a note seen by the Forbes.

White anticipates the cheaper iPhone - possibly called "iPhone mini" or "iPhone Air" -  to have a plastic body instead of metal and glass.

[Related -Fusion-IO, Inc. (FIO): Can Fusion-IO Q2 Results Cheer Street?]

Apple is testing iPhone models with various screen sizes, the Business Insider reported quoting White's note.

On the other hand, last month, Apple was rumored to work on a smaller and cheaper version of the iPhone, dubbed as iPhone 5S, which is expected to debut in late 2013 and priced between $99 and $149.

The launch of cheaper version of iPhone, which may be smaller than current models, is part of a push to gain customers in developing nations, Bloomberg reported citing people familiar with the situation. 

[Related -Google Inc (GOOG): Why Nest Labs Deal Is A Wakeup Call For Apple Inc.?]

AAPL is trading up 1.06% at $480.00 on Monday. The stock has been trading between $435.00 and $705.07 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageGold Slides On Perfect Storm For Dollar

For all the anticipation surrounding the delivery of the Fed’s statement in the run-up to the September read on...

article imageForward Guidance Now A Nightmare For Fed.

Janet Yellen is probably sorry Ben Bernanke ever embarked on his program of the Fed providing read on...

article imageThis Once-Broken Social Media Stock Is Back On The Warpath

In the brief history of social media stocks, history is repeating itself. Both Facebook (NASDAQ: FB) and read on...

article imageItalian Workers Were Too Productive For 20 Years

The 2008 crisis has resulted in significant downward revisions of potential growth for most advanced read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.