Analyst Says the Low Cost iPhone is 'Imminent', Could Be Out in July

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Posted June 7, 2013 at 3:09pm by iClarified

Topeka Capital analyst Brian White says the launch of a low cost iPhone is 'imminent' and it could be out this July.

White, who is at the Computex trade show in Taiwan says he's spotted an "iPhone Mini" accessory at the show. Strangely, he is calling the low cost iPhone an 'iPhone Mini' despite calling for a device that is about the same size.

"Essentially, the 'iPhone mini' body is slightly thicker than the iPhone 5 and the four corners have a more tapered rounding, the edges are less defined but the length is identical (including a four-inch display)," says White. "Also, as we indicated earlier this week, the 'iPhone mini' is expected to come in five colors (i.e., white, black, pink, blue and yellow) and the back will be made of plastic."

White expects the device to cost between $350 to $400. Notably, a recent report from Morgan Stanley analyst Katy Huberty said Apple will price the low cost iPhone at around $399. The company's gross profits are said to increase at above $349 and its gross margin would increase above $393.

[via BusinessInsider]

Analyst Says the Low Cost iPhone is 'Imminent', Could Be Out in July

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Jack Black - June 8, 2013 at 3:05am

Yeah 400 means free with plan ppl damn

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The Voice Of Reason - June 7, 2013 at 8:17pm

USD 400 is actually low cost for such a device, people. That's the unlocked, no contract price. Which means that with a contract, carriers might even give it away for free, like they were doing with the 3G after the 4S came out. So definitely low cost, compared to the top-of-the-line model. Word.

paulMOGG - June 7, 2013 at 4:39pm

USD400 is not low cost ! Thought this iphone would be aimed at the younger market, price wise , to get them into the habit of buying apple iphone products at an earlier age . But seems the marketing people at apple are oblivious that USD 400 is not low cost hmmmmmm ? Duh!

justabrake - June 7, 2013 at 4:44pm

Mostly for the Asian I believe ! They see competition with Microsoft coming at them.

Bugged Out - June 7, 2013 at 3:50pm

I wonder how this will be crippled compared to regular iOS, since iOS is already crippled given no real innovation for years.

justabrake - June 7, 2013 at 3:47pm

Does apple expect people with the iphone 5 to give them up for this lower priced one ! I hope apple has a backup plan.......

Terrance&phillip - June 7, 2013 at 3:41pm

Since when is $400 low cost