Nearly Half of Existing Apple (AAPL) iPhone Users Will Upgrade Immediately
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/25/2026
- Wall St edges up on AI enthusiasm, Mideast negotiation hopes
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices drop about 3% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- Akamai signs $11.6B deal with Anthropic, up to $20B potential
- Bloom Energy falls as Oracle invokes force majeure on AI project
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oracle Sends Force Majeure Notice Over New Mexico Data Center - Bloomberg
- US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say
Apple's (AAPL) New iPhones will Meet Lackluster Demand - Citi
September 9, 2013 10:09 AM EDTApple (NASDAQ: AAPL) is expected to release two new iPhone models at its September 10th event: the iPhone5S & the iPhone5C. Analysts at Citigroup heed caution ahead of the event and are skeptical about the success of the new devices.
Citi analyst Glen Yeung said the price of the new lower-priced 5C model may still be a hindrance. Assuming a $450 ASP the new device will still fall into the +$300 handset category, which, according to Gartner, only represented 13.7% of the total market in 2012. "In order for iPhone 5C to reach the $100 subsidized... More
