“‘It’s time for a mid-range iPhone,’ analyst Chris Whitmore with Deutsche Bank declared in a note to investors on Monday. He believes Apple will offer a lower-end iPhone priced between $300 and $500 paired with a pre-paid voice offering,” Neil Hughes reports for AppleInsider.
“Whitmore noted that of the addressable market of 1.5 billion mobile customers worldwide, two-thirds of those are pre-paid users,” Hughes reports. “He sees a so-called ‘iPhone 4S,’ released alongside an anticipated fifth-generation iPhone, as a new category of device that would help Apple address that market.”
Hughes reports, “In February, The New York Times revealed that Apple has looked into building a cheaper iPhone, but rebutted reports from The Wall Street Journal and Bloomberg that claimed the company is planning to release a smaller model about half the size of the iPhone 4.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]