Apple (AAPL) iPhone '4C' is an Option, Says Analyst

September 16, 2013 9:25 AM EDT
Get Alerts AAPL Hot Sheet
Price: $119.96 -0.1%

Rating Summary:
    59 Buy, 11 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 17 | New: 10
Trade AAPL Now!
Join SI Premium – FREE
A number of investors and analysts on Wall Street were disappointed with the high price of Apple's (Nasdaq: AAPL) iPhone 5C. However, in the view of analyst Toni Sacconaghi of Bernstein, Apple may take another shot at a low priced iPhone by offering an iPhone "4C."

Sacconaghi thinks Apple has a number of options to "de-spec" the iPhone 5C or iPhone 4 to achieve a price below $400. For example, a phone could have the internals of an iPhone 4 but come in an iPhone 5C case.

Bernstein has an Outperform rating on Apple with a price target of $600.

For an analyst ratings summary and ratings history on Apple (NASDAQ: AAPL)click here. For more ratings news on Apple click here.

Shares of Apple closed at $464.90 last Fridsay, with a 52 week range of $385.10 to $705.07.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Hot Comments

Related Entities

iPhone 4

Add Your Comment