The much-rumored low-cost iPhone would cannibalize income from the more expensive design but help The apple company get a healthy slice of the low-end smart phone industry.
A low-cost iPhone could see system income of 75 thousand in 2014, tasks Piper Jaffray specialist Gene Munster.
In an traders note launched today, Munster said he desires The apple company to sell a $300 non-subsidized iPhone starting in Sept. Such a system is likely to induce a 30 % cannibalization rate, which means that for every three low-cost iPhones sold, one full-price iPhone is cannibalized.
As such, Apple's discuss of the high-end smart phone industry may dip to 37 % next season from 43 % last season. But its discuss of the low-end (under $400) industry will rise to 11 % in 2014 from nothing this year.
Nearer term, Munster is seeking flat iPhone growth for the current one fourth finishing in This summer, down from his prior prediction of a 15 % gain. That would mean system income for the iPhone of around 26 thousand. As a result, Apple's overall income for the one fourth are expected to reach $35.1 billion dollars, down from Munster's previous calculate of $37.6 billion dollars.
Wall Street in general is more positive, seeking around 33 thousand in iPhone income this one fourth and around $39.6 billion dollars in total income.
Rumors have been traveling lately that The apple company will reveal a low-cost, non-subsidized iPhone this season designed toward developing markets such as Chinese suppliers. Some of those gossips have been motivated by The apple company experts.
BTIG specialist Wally Piecyk desires The apple company to charge $300 for the phone and release it by seasons end. Piecyk considers The apple company needs such a system to boost its income and business. KGI Securities' Ming-Chi Kuo believes The apple company will start moving out the iPhone 5S and the lower-end design as soon as This summer.
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