New Apple (AAPL) iPhones Could Be On the Way For Multiple New Carriers
Tweet
Share
E-mail
Get Alerts AAPL Hot Sheet
Price: $166.90 +0.64%
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 3 | New: 2
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 3 | New: 2
Join SI Premium – FREE
Apple (Nasdaq: AAPL) has a new iPhone form factor under development with both larger and smaller touchscreens, according to analyst Shaw Wu at Kaufman Bros today.
"One possibility we are picking up is a "mini" or "nano" iPhone with smaller candybar form factor leveraging technology in its new mini touchscreen iPod nano," Wu said in a research report today.
Wu speculates that this new form factor could be for additional U.S. carriers. In addition to Verizon (NYSE: VZ), T-Mobile USA, and/or Sprint (NYSE: S) could represent multiple new carriers for Apple, Wu suggests.
"We believe the combination of additional carriers in the U.S. and a fuller iPhone product line should allow Apple to expand its addressable market in mobile phones and to compete more effectively against the growing influence of Android. In addition, having a tiered strategy creates a pricing umbrella that helps ASPs and margins," Wu states.
Wu said that typically iPhones are introduced in the summer, but the progress being made leads him to believe there could be new iPhones sooner, possibly as early as the first quarter of 2011.
The firm reiterated its Buy rating and $374 price target on Apple.
"One possibility we are picking up is a "mini" or "nano" iPhone with smaller candybar form factor leveraging technology in its new mini touchscreen iPod nano," Wu said in a research report today.
Wu speculates that this new form factor could be for additional U.S. carriers. In addition to Verizon (NYSE: VZ), T-Mobile USA, and/or Sprint (NYSE: S) could represent multiple new carriers for Apple, Wu suggests.
"We believe the combination of additional carriers in the U.S. and a fuller iPhone product line should allow Apple to expand its addressable market in mobile phones and to compete more effectively against the growing influence of Android. In addition, having a tiered strategy creates a pricing umbrella that helps ASPs and margins," Wu states.
Wu said that typically iPhones are introduced in the summer, but the progress being made leads him to believe there could be new iPhones sooner, possibly as early as the first quarter of 2011.
The firm reiterated its Buy rating and $374 price target on Apple.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- BofA says there is a continued strength in buybacks
- Super Micro Computer (SMCI) Falls 6%
Create E-mail Alert Related Categories
Analyst Comments, Insiders' Blog, Trader TalkRelated Entities
Kaufman Bros.Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
