CUPERTINO – With its market share getting smaller, Apple may be forced to release a cheaper iPhone version that will attract the crowd at large who can’t afford the expensive iPhone.
NDJ World | Published: Jan 05 2013 High Tech→Lifestyle
Presently, Apple and Samsung are the two largest producers of smartphones in the world with the latter gradually taking more and more market shares away from Apple.
iPhone 4s vs Samsung Galaxy S. Photo Credit: REUTERS
Strategy Analyst Neil Mawston believes Apple will release a new iPhone Mini in the near future – two to three years from now. Sales of the iPhone 5 are still going strong and Apple isn’t in dire straights to produce a phone affordable to millions who can’t afford an iPhone; at least not yet.
Mawston says he thinks Apple will probably release an iPhone Mini in 2014. But analyst Peter Misek of Jeffries doesn’t see it that way.
He believes that Apple will probably release a cheaper, smaller iPhone version still this summer, with a retail price of about $US250.
But like Mawston, Misek agrees that Apple isn’t in a rush to produce a smaller iPhone version; simply because it doesn’t make sense to bring out a direct competitor against the iPhone 5 which is still enjoying strong sales.
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