Apple's so-called “iPhone mini” could grab 11% of the low-end smartphone market within its first year on the shelves
In the worst-case scenario, the budget iPhone could cannibalize about 30% of existing iPhone sales, according to AppleInsider.
According to Piper Jaffray’s Gene Munster, Apple’s low-cost iPhone is likely to launch in September with a price tag of around $300. This phone would carry a gross margin of 30% for Apple, compared to 55% for existing models.
The budget iPhone’s rumored release is being billed as a way to satisfy customers in developing nations who wish to spend less on smartphones. We've heard quite a bit about this phone over the past few months, including variousconcept designs. Read more...