Andre Yoskowitz
24 Mar 2013 15:16
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."