iPhone 5S And Plastic iPhone With No Retina Display To Launch This Summer?
Rumors have surfaced that Apple will launch the iPhone 5S along with a more affordable iPhone device this summer.
The report comes from Amit Daryanani of RBC Capital Markets, who claims to have heard word from Apple that the company plans to release "multiple new phones" between June and July.
"The low-end iPhone will have the same 4-inch form factor as the iPhone5, but will have a plastic casing and no Retina display," he said. "With a lower price point, AAPL will be able to target a growing and important part of the smartphone market (sub-$400 price band)."
Though Daryanani believes that the supposed low-end iPhone will generate lower gross margins than the iPhone 5 or iPhone 5S, he also feels that the device would add an additional $22 billion in revenue and over $5 in earnings per share in 2014. He believes this will add $50 in stock value to Apple's stock price.
He also projects that the low-end smartphone market will have a total size of about 500 million units in 2014. He thinks that Apple has the potential to acquire over 15 percent of that market in the medium term, which accounts for a "conservative" estimate of roughly 70 million devices.
Some disagree over whether the lower-priced smartphone will come with a retina display. Jeremy Horwitz of iLounge stated in January that "reliable sources" had revealed the device's design to him. He claimed it will come with a retina display along with Apple's new Lightning connector.
"One of our sources claims that Apple's iPhone prices remain too high for most mainland Chinese customers - the iPhone 5 hardware alone starts at $849 there, versus the iPhone 4 at $500, in a country where the average annual salary is around $3,000 per person," he wrote. "The source has said that mainland Chinese iPhone 5 sales are already tapering off as a result of the pricing, which is higher than in Hong Kong. A budget iPhone model would help sales in populous but underdeveloped countries to grow."
Daryanani predicts that Apple will release a new iPad mini and full-size iPad later this year. He said that an Apple television and "iWatch" smartwatch are "likely," but was unable to provide an exact time when they might be released.
iPhone 5S: Yet Another Worm In Apple?
Apple's been hit hard as of late, and now its sometime-to-be-released iPhone 5S might be suffering, too.
iPhone 6 Features and Specs: Rumor Roundup
What can we expect from Apple and the iPhone 6? Or is it the iPhone 5S?
WWDC 2020: How To Check If Your Apple Device Is Compatible With macOS Big Sur, iOS 14, iPadOS 14, And watchOS 7
macOS Big Sur, iOS 14, iPadOS 14, as well as watchOS 7 were announced at WWDC 2020, but are your current Apple devices compatible with these updates? Find out here.
Apple Is Changing Its App Store Guidelines To Make App Developers Happy
After an outcry from Apple app developers, the tech giant seems to be making changes to cater to their wishes.
WWDC 2020: Here's What Upset Apple App Developers
Apple has done something that has caused their app developers to become upset. Here is what Apple did.
MORE IN ITECHPOST
How To Build A Gaming PC For $450 In July 2020
What do you get when you combine a used pre-built PC and a graphics card? A great gaming PC for the price.
[Watch] NASA Announces Week Update: What Happened to the Artemis Program?
Could we be closer to getting to the moon? NASA provides updates on the progress.
[Guide, Tips] How to Play Marvel's Iron Man VR And Get All The Trophies
With the release of the Marvel's Iron Man VR, now even you can take to the skies and fly through canyons as you save civilians and blast bad guys along the way.
But playing the game is even trickier than it sounds.