Three new iPhones could be coming in 2009. The first is a 32G iPhone in multiple colours that is likely to arrive during the next six months. Next up is a lower-cost handset based on the 2.5G iPhone, which is targeted for China and India. Third is a smaller version � about one-third the size of the 3G iPhone � that costs 40% less and is also likely before year-end.
These predictions are the result of recent checks with carrier partners by Canaccord Adams analyst Peter Misek, who noted that carriers believe the smaller iPhone could have a $99 price point.
As far as rumours of a possible voice-only iPhone, the analyst said the likelihood of such a device is low because the entire premise of the iPhone is as a platform for data. The economics of such a device also look challenging assuming an iTouch with a voice-only chip, which suggests it would have to be given away for free.
He also said a voice-centric device would contain a key pad not a touch-screen and this would squander Apple�s (AAPL) application store and iTunes.
So while Mr. Misek expects a healthy iPhone refresh cycle this year, he said it is too early to include very much upside in his formal estimates and near-term outlook for Apple shares.
�iPhone volumes continue to decelerate based on our recent checks,� he told clients, adding that Mac volumes are also likely trending below expectations.
The analyst is also concerned by the broader spending environment �as repairs to the consumer balance sheet have much further to go...�
As a result, Canaccord continues to rate Apple a �hold� with a US$90 price target.
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