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Bryan M. Wolfe
| March 22, 2013
Drip, Drip: Another Analyst Sees An ‘iPhone mini’ In Apple’s Future
Apple rumors are often filled with some pretty crazy stuff. However, when patterns emerge, smoke is often followed by a lot of fire. Case in point is the so-called “iPhone mini,” which has been discussed ad nauseam in recent months. The latest rumor about Apple’s budget phone comes from Amit Daryanani of RBC Capital Markets, according to AppleInsider. In a note to investors, Daryanani says that he has received word that Apple will release “multiple new phones” in the June-July timeframe. One of these will be the “iPhone 5S,” while the other will be the less expensive model. He states:
The low-end iPhone will have the same 4-inch form factor as the iPhone 5, but will have a plastic casing and no Retina display. With a lower price point, AAPL will be able to target a growing and important part of the smartphone market (sub-$400 price band).According to the analyst, the iPhone mini could add another $22 billion in revenue and more than $5 in earnings per share for Apple by the end of 2014. As a result, it could add $50 to Cupertino’s stock price. Daryanani also believes than an iPad 5 and second-generation iPad mini are coming this year, while an Apple television and “iWatch” are likely. These comments, of course, could simply be Daryanani jumping on the iPhone mini bandwagon. However, as someone who has covered Apple for many years, I believe that the budget phone will almost certainly become a reality later this year. We saw the same pattern last year when iPad mini rumors were rampant, and we all know how that story ended. As usual, we'll keep you updated. For more information, see: Check Out These New 'Budget' iPhone Concepts, and The Budget iPhone To Come In Multiple Colors And Have A 4-Inch Screen Says Analyst. Photo: iPhone mini concept, iPhoneclub