Rumors Might Point to Second Low Cost iPhone (AAPL)

June 6, 2013 1:48 PM EDT
Get Alerts AAPL Hot Sheet
Price: $125.91 -0.74%

Rating Summary:
    44 Buy, 20 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 19 | New: 41
Trade Now! 
Join SI Premium – FREE
Apple (Nasdaq: AAPL) is expected to release its lower priced "iPhone Mini" later this year. The phone will likely come in 5 colors and be released before or at the same time as the iPhone 5s. Interestingly, the latest speculation suggests Apple could be working on a second low cost iPhone.

On a recent tech tour, analyst Brian White of Topeka came across a device he called a "lower-priced iPhone 5." This device is unrelated to the highly anticipated "iPhone Mini".

"Strangely enough and unrelated to the "iPhone mini" with plastic casing, we had a discussion with a tech supply chain company around a "lower-priced iPhone 5" that would be similar in look to the current iPhone 5 but with edges that are more rounded, a slightly thicker body, more color options and at a lower price. Our research has not uncovered anything remotely similar to "a lower priced iPhone 5" before, and we find it difficult to reconcile such a device given that the iPhone 5S and "iPhone mini" are just around the corner. As such, we are treating this data point with a skeptical eye but we will continue to research the topic," said White.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Insiders' Blog, Rumors