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April 16, 2013 06:30 pm GMT

Apple's Budget iPhone Could Nab 11% of Low-Cost Market

Iphonebudgetconcept

Apple's so-called “iPhone mini” could grab 11% of the low-end smartphone market within its first year on the shelves

In the worst-case scenario, the budget iPhone could cannibalize about 30% of existing iPhone sales, according to AppleInsider.

According to Piper Jaffray’s Gene Munster, Apple’s low-cost iPhone is likely to launch in September with a price tag of around $300. This phone would carry a gross margin of 30% for Apple, compared to 55% for existing models.

The budget iPhone’s rumored release is being billed as a way to satisfy customers in developing nations who wish to spend less on smartphones. We've heard quite a bit about this phone over the past few months, including various concept designs. Read more...

More about Iphone, Apple, Budget, Tech, and Gadgets

Original Link: http://feeds.mashable.com/~r/Mashable/~3/2K7mkibv20o/

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