Earlier this week, KGI Securities analyst Ming-Chi Kuo wrote in a note that he expects Apple to offer a cheaper, 6.1-inch iPhone model this fall for $550 - almost half the cost of the current iPhone X.
According to the analyst Kuo, the company will be launching three new iPhone models in 2018, including a 5.8-inch OLED model positioned as second generation iPhone X and another 6.5-inch OLED model that may be launched as iPhone X Plus. The firm asked the following question: "You now own an iPhone, yet you didn't upgrade to (what Apple believes is) the best Apple phone yet, the iPhone X. Why?"
You may have a different point of view but in my opinion, removal of the 3.5mm headphone jack was the right thing to do.
The iPhone X is clearly an excellent smartphone but it does have one major drawback and that's its eye-watering £999 price.
Giants release WR Brandon Marshall; Is Dez Bryant on his way?
The six-time Pro Bowl selection caught 18 receptions for 154 yards in five games before being sidelined. If Bryant wanted to sign a team-friendly deal with the G-Men, he could remain in the NFC East .
Apple is also discontinuing the iPhone 6s and iPhone 6s Plus in September, this means there will be no available iPhone with the headphone jack at the end of the year.
Watch Apple trade in real time here.
"Apple isn't "killing" the iPhone X-that's absurd and a reckless thing to say", he wrote in an email to Fast Company Friday. BMO Capital Markets lowered shares of Apple from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $162.00 to $166.00 in a report on Wednesday, January 31st. This is significantly lesser than iPhone X, which became the most expensive phone at $1,000. The updated iPhone SE will be the same size as the previous generation and will also retain the Touch ID fingerprint reader. But, what we do know is that the device will be an affordable one, much like its predecessor iPhone SE which is now selling for around Rs 17,999 approx in the Indian market. There will be no notches on top of the display, no Face ID technology too.
Everything about this phone, from its mix of aluminum and glass, to the clean look of the new home button, to the location of the volume and power buttons, to its size in the hand, was pretty much flawless.
That's important for Apple, particularly in emerging markets where cheaper smartphones are more successful, which have become increasingly important for the Cupertino company in recent years.