Another day, another low-cost iPhone (AAPL +1.3%) report. RBC's Amit Daryanani says his checks...

Another day, another low-cost iPhone (AAPL +1.3%) report. RBC's Amit Daryanani says his checks indicate a cheaper iPhone with a plastic case and a 4" non-retina display is on the way. He thinks it will arrive in the June/July timeframe, sell for less than $400, and (after modeling various scenarios in a spreadsheet) add $22B in sales and $5 in EPS to Apple's 2014 results. For those keeping score, RBC, Jefferies, KGI Securities, Sterne Agee, and Goldman have all predicted a cheaper iPhone will arrive, but the details they provide vary plenty.

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Comments (25)
  • Brosif
    , contributor
    Comments (6) | Send Message
    "He think it will arrive in the June/July time frame"


    Sweet editing
    22 Mar 2013, 12:29 PM Reply Like
  • bobbobwhite
    , contributor
    Comments (2136) | Send Message
    Instead of buying a cheaper new iPhone, if one is made, why not buy a 4S for almost nothing? For example, now $50 at Verizon with a contract.


    Soon the same thing with the 5. No need for cheaper one. It's Apple, FGS!
    22 Mar 2013, 12:36 PM Reply Like
  • Artaqq
    , contributor
    Comments (111) | Send Message
    Agreed...I can't see this being that great of a thing, if it happens.


    But, it's what all of these brilliant analysts and speculators' need to see for a fleeting 'warm fuzzy'. Not very 'Applesque'...
    22 Mar 2013, 12:42 PM Reply Like
  • Pts117
    , contributor
    Comments (155) | Send Message
    says the clueless american......
    22 Mar 2013, 01:04 PM Reply Like
  • Jack Baker
    , contributor
    Comments (1284) | Send Message
    Um, hello? The issue of affordability is in the developing countries where their are not many contracts available and $850.00 is 3-4 months salary.
    22 Mar 2013, 01:30 PM Reply Like
  • Artaqq
    , contributor
    Comments (111) | Send Message
    Pardon me?
    22 Mar 2013, 03:43 PM Reply Like
  • liber8
    , contributor
    Comments (27) | Send Message
    One way or another the Apple story is not over. There are hundreds of rumors about all things Apple but the bottom line is the price. Has it bottomed or not.
    I find it significant that today is the exact 6 month anniversary of the Friday, 9/21/12 peak. 26 weeks ago today it hit it's all-time high, then topped out on 12/3, 1/2/13, 3/19/13 (3/21/13 also touching it)- all of which formed a perfect long-term trend line. Broken for the first time in 6 months today - to the day.
    Also, if it closes at or above 460 it will have closed above the 50 day SMA for the first time since October 4.
    BUT, who knows.
    22 Mar 2013, 12:40 PM Reply Like
  • Gloube
    , contributor
    Comments (93) | Send Message
    Will you ever accept that you made a bad decision and lost a lot of money on AAPL? Stop being so emotional about this stock
    22 Mar 2013, 01:05 PM Reply Like
  • redponydoc
    , contributor
    Comments (356) | Send Message
    I'm emotional about the money, not the stock.


    Pay me lots of money and you can have the stock.


    See how that works?
    22 Mar 2013, 01:08 PM Reply Like
  • SP5524
    , contributor
    Comments (86) | Send Message
    The wall street game is completely disconnected to the company's fundamentals and prospects at this point.
    22 Mar 2013, 01:31 PM Reply Like
  • IncomeYield
    , contributor
    Comments (3700) | Send Message
    Been saying that for years. You gotta be able to trade the traders.
    23 Mar 2013, 12:06 AM Reply Like
  • cshoxie
    , contributor
    Comments (365) | Send Message
    Hmm! All "predicted" and the" details vary plenty." Sounds like it's time to take the crystal ball in for a tuneup. Keep up the good work.
    22 Mar 2013, 12:44 PM Reply Like
  • Valuable Insights
    , contributor
    Comments (478) | Send Message
    Our checks suggest this information is accurate and that $NTE is a subcontractor (with their LCD Modules going to Foxconn). Full Disclosure: Long NTE.
    22 Mar 2013, 01:00 PM Reply Like
  • SP5524
    , contributor
    Comments (86) | Send Message
    @bobbowhite - Maybe the less expensive iPhone will only be available in the emerging markets. Maybe this is only with China Mobil which was the confidentiality agreement the two signed months ago. The phone will still be more advanced than the 4 or 4s, the only difference will be the materials. Sophisticated engineering and design, as well as all of apple's hallmarks touch will be on it.


    Its more about building the ecosystem and giving the iPhone to a demographic that otherwise wouldn't have access to it. Assuming they are enamored with it, like everyone is after apple enters their lives, this starts the trend of more iTunes accounts, more apple products being bought, and more of apple's presence in society.
    22 Mar 2013, 01:33 PM Reply Like
  • aperture1
    , contributor
    Comments (200) | Send Message
    I wonder if Apple has made a deal with The Chinese government who I believe owns China Mobile to somehow give Apple preferences over Samsung. Lets remember Samsung is a Korean company and I don't think the Chinese and the Koreans get along all that well. If this is the case it would be quite a feather in Cook's hat. He hinted at something like this several times when he said that China would be Apple's biggest market. It feels to me that something is cooking (pun intended).
    22 Mar 2013, 04:02 PM Reply Like
  • scott trader
    , contributor
    Comments (6964) | Send Message
    I hope they don!t unbreakable glass would be better...
    22 Mar 2013, 01:37 PM Reply Like
  • css1971
    , contributor
    Comments (871) | Send Message
    Eh? $400 isn't a cheap smart phone. $50 would be a cheap smart phone. It's in the wrong ballpark by almost an order of magnitude.


    $400 isn't even mid range.
    22 Mar 2013, 02:06 PM Reply Like
  • IncomeYield
    , contributor
    Comments (3700) | Send Message
    see CoolPad for $99
    23 Mar 2013, 12:07 AM Reply Like
  • adrian816
    , contributor
    Comments (177) | Send Message
    $50 would be the price for a cheap plastic android handset with a poor quality display and minimal battery life. Even Samsung probably wouldn't manage that!!
    22 Mar 2013, 03:15 PM Reply Like
  • css1971
    , contributor
    Comments (871) | Send Message
    No, a droid's minimum is about ~$100, and that's only possible because it's subsidized by the Chinese government (the hardware costs more), but otherwise as you described; crap battery, laggy, crap display, lucky if it lasts 6 months.


    OTOH you can get an Asha smartphone for about $50-60. Month standby on battery.


    Ideal for kids, developing world. Businesses even; the Asha line makes heavy use of compression to minimize data costs.


    Full capacitative touchscreen version would be ~$100 (yeah this is the top end of the line). Again about a month standby.


    *These* are cheap smartphones designed for the developing world; the next billion. $50 -> $100 ballpark.


    $400 is just not in the cheap ballpark. I mean a Goldman Sachs analyst might think it's cheap but these guys don't live anywhere near the real world, so wouldn't know it if it bit them on their arse.
    22 Mar 2013, 05:10 PM Reply Like
  • Mondego
    , contributor
    Comments (421) | Send Message
    Finally someone understands. WiFi without 3g? That's genius. I was looking for a phone like that a few years ago and couldn't find one. I assumed the phone-makers had a deal with each other to not provide Wi-fi capable hand-sets without the need for a data-plan.
    22 Mar 2013, 06:02 PM Reply Like
  • Eric Dee
    , contributor
    Comments (2205) | Send Message
    Today was a great close for a great week for AAPL, up over 460!
    22 Mar 2013, 04:11 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9513) | Send Message
    Cheap iPhones are great for those emerging markets where the expense of an iPhone is prohibitive, to say the least.


    I see the problem being an infrastructure issue. Why have a 3G or 4G phone if there is no infrastructure in place?


    Emerging markets will be an incredible driver for Apple once iPhones can be fully utilized.
    22 Mar 2013, 04:57 PM Reply Like
  • Mondego
    , contributor
    Comments (421) | Send Message

    22 Mar 2013, 06:09 PM Reply Like
  • CLK3RD
    , contributor
    Comments (5) | Send Message
    The idea of a cheap phone and wrist watch make no sense at all and the likelihood of Apple introducing either is SLIM.
    22 Mar 2013, 05:45 PM Reply Like
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