According to a new client note by Amit Daryanani of RBC Capital Markets, Apple is preparing a low-end iPhone for release this year.
The iPhone will include the 4-inch screen seen in the iPhone 5, but will be plastic and not include a Retina display.
Apple will release at least two phone during the Summer period this year, says the analyst, including the expected iPhone 5S and the low-end device. "With a lower price point, Apple will be able to target a growing and important part of the smartphone market (sub-$400 price band)," reads the note.
This note is certainly not the first time an analyst or other reporter has claimed that Apple is working on a low-end iPhone, aimed at emerging markets. Just last month, KGI Securities analyst Ming-Chi Kuo said the supposed phone would include a "hybrid casing of fiberglass and plastic will make it lighter and slimmer than general plastic casing and easier to make in various colors."
Apple will release at least two phone during the Summer period this year, says the analyst, including the expected iPhone 5S and the low-end device. "With a lower price point, Apple will be able to target a growing and important part of the smartphone market (sub-$400 price band)," reads the note.
This note is certainly not the first time an analyst or other reporter has claimed that Apple is working on a low-end iPhone, aimed at emerging markets. Just last month, KGI Securities analyst Ming-Chi Kuo said the supposed phone would include a "hybrid casing of fiberglass and plastic will make it lighter and slimmer than general plastic casing and easier to make in various colors."
