Cheap iPhone could appeal to a half billion people, Munster says
A cheaper iPhone would give Apple access to a vast new market its current phones don't address -- one currently forecast to reach sales of 580 million units this year, according to Piper Jaffray analyst Gene Munster.
Rumors have been flying lately that Apple will introduce a low-cost iPhone to reach out to developing markets and offer more competition to Android. Assuming the rumors prove true, Munster -- one of the most bullish of Apple bulls -- believes such a phone would give Apple's market share a huge boost.
"We believe that the high-end smartphone market (above $… Read more