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Low-cost iPhone might cut into sales of top-end model, analyst says
MINNEAPOLIS,[url=http://www.ldike.com/]michael kors outlet online[/url], April 16 () -- A rumored low-cost iPhone would cannibalize sales from the more expensive model but give Apple entry into the low-end smartphone market,[url=http://www.xirland.com]christian louboutin uk[/url], a U.S. analyst says.Investment analyst Gene Munster of Piper Jaffray said he expects Apple to begin offering a $300 non-subsidized iPhone starting in September, CNET reported Tuesday.While for every three low-cost iPhones sold a sale of one full-price iPhone could be lost, it could give Apple an 11 percent share of the low-end smartphone market, where it currently has no presence, Munster said.Apple could possibly see sales of 75 million low-cost iPhone models in 2014, he said.Some analysts said a low-cost iPhone could look different from the flagship iPhone 5.Topeka Capital Markets analyst Brian White said information from some suppliers and vendors suggests a "low cost" iPhone could come with a curved back casing made of colored plastic that is thicker than the iPhone 5.