Analysts Question Nano-iPhone Claim
On Tuesday JP Morgan Chase analyst Kevin Chang, based in Asia, said the new model could sell for less than US$300 in the U.S., using patents filed by Apple and unidentified component suppliers to support his claims. The iPhone sells for $500 and $600, depending on storage requirements.
"One of our colleagues in Asia, Kevin Chang, published a note discussing his expectations for a low-end 'Nano' version of the iPhone," reads the new report from JP Morgan's Bill Shope, Elizabeth Borbolla and Vlad Rom. "We caution that the potential for a low-end, subsidized phone from Apple seems unlikely in the near term.