“Apple will unveil a new and improved version of the iPhone in June, RBC Capital’s Mike Abramsky asserts in a research note this morning,” Eric Savitz blogs for Barron’s.
He contends the new version of the phone, which he calls the iPhone 3G Pro, will include a number of improvements:
• Faster 3G, using the HSUPA standard, versions [sic] the current HSDPA
• Improved graphics
• Video recording/messaging
• 16 GB/32 GB memory capacity
• Possibly thinner
• $199/$299 price points
Savitz reports, “He expects the new version to be offered on AT&T first, and other markets second.”
Full article here.
MacDailyNews Take: It’s important to note that Mike Abramsky also maintains an “Underperform” rating and $70 price target on Apple. It is possible that he is unable to perform even basic math accurately, hence his rating and price target. At the very least, he’s forgotten about Apple’s $30+ billion, with a “B,” in cash on-hand. A $70 price target on AAPL today is laughably low and serves only to make him look incompetent.
