Market Overview

Munster Sees Lower-Priced iPhone Selling at $149-199, Says Device Could Add $6.5B in '13 Sales for Apple

Share:
Related AAPL
Dr. Dre TV Show 'Vital Signs' Coming To Apple
Detwiler's Johnston: Apple March Bar 'Set Pretty Low'
These 3 Highly Rated IBD Stocks Are Within SPY ETF (Investor's Business Daily)

Responding to a WSJ report from Tuesday evening which suggest Apple (NASDAQ: AAPL) could be working o n a cheaper-priced iPhone model, Piper Jaffray's Gene Munster said Wednesday morning the range would likely be between $149 and $199 without a contract.

Munster predicts the lower-priced model could carry around 30 percent gross margin. The analyst is modeling for a cheaper iPhone to add about $6.5 billion in sales over the course of 2013. Munster sees 30 basis points of gross margin dilution related to such a device.

Piper Jaffray currently has an Overweight rating and $900 price target on shares of Apple.

Latest Ratings for AAPL

DateFirmActionFromTo
Feb 2016FBR CapitalMaintainsOutperform
Jan 2016BarclaysMaintainsOverweight
Jan 2016FBR CapitalMaintainsOutperform

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Analyst Color News Rumors Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters