“It seems as if Apple’s low-end iPhone is a distinct possibility,” Chris Ciaccia reports for TheStreet. “If the phone does come to market, it’s likely to come in multiple colors, one analyst notes.”
“Topeka Capital Markets analyst Brian White, who rates Apple a ‘buy’ with a $888 price target, says the so-called iPhone mini will come in as many as five colors and be released before Apple unveils the iPhone 5S,” Ciaccia reports. “Apple CEO Tim Cook left the door open for a low-end iPhone at last month’s D11 conference when he said Apple has only focused on making one phone so far, but that it didn’t rule it out making multiple phones in the future.”
Read more in the full article here.