Seoul: A low cost Apple product might sound like an oxymoron! But if reports are to be believed, soon Apple Inc might roll out a smaller, cheaper "iPhone Mini" next year to grab market share from Samsung, as per a news wire report.
Brian J. White, a researcher at Topeka Capital Markets, on Wednesday raised the possibility that Apple may launch a smaller and lower-priced iPhone - the iPhone Mini - to further penetrate markets such as China and India, as quoted by the news wire.
White said in a report that he believed Apple will launch the next iPhone, the iPhone 5S, in May or June, and offer more options in screen sizes. This would eventually open up the possibility for the iPhone Mini, he said.
"We think Apple will have to launch an 'iPhone Mini' at some point over the next three years to address the hundreds of millions of prepaid users worldwide that cannot afford the current iPhone," he said.
With Agency Inputs
First Published: Friday, January 4, 2013, 16:03