Subscribe to CIO Magazine »

Apple CFO meeting fuels iPhone Mini speculation

Morgan Stanley analyst meets with CFO Peter Oppenheimer and predicts a cheaper iPhone is on its way

A recent meeting with Apple’s CFO has convinced a Wall Street analyst that the company will release a cheaper iPhone this year.

According to a report on Business Insider, a meeting between Morgan Stanley’s Katy Huberty and Apple CFO Peter Oppenheimer left the analyst confident that a lower-priced iPhone was on its way.

Her reasoning was based on three things. Firstly, that the iPad Mini is expanding Apple’s consumer base, with 50 per cent of purchases in China/Brazil representing new customers to the ecosystem. Secondly, Chinese consumers show a desire to purchase the latest versions of the iPhone instead of previous generations, Huberty said, and finally, iPhone 4 demand was a pleasant surprise in Q4 despite the launch of the iPhone 5.

The iPhone Mini was expected to launch in mid-year at $330 and be in-line with products in China from Lenovo, Hauwei, ZTE and Coolpad. Huberty is one of several analysts who have predicted a lower-priced handset could be on the cards.

“Even at a low 40 per cent gross margin and 1/3 cannibalisation rate, we see an ‘iPhone Mini’ as incremental to revenue and gross profit dollars,”Huberty stated in her investors note.

Follow CFO World Australia on Twitter: @CFOworld_AU, or take part in the CFO World conversation on LinkedIn: CFO World.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: Apple, Lenovo, Morgan, Morgan Stanley, Wall Street, ZTE
References show all
Comments are now closed.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: Morgan Stanley, Apple, Peter Oppenheimer, iPhone rumors
Latest Blog Posts
  • Don’t Rip and Replace - Wrap and Renew!
    The abundance of legacy applications in the contact centre can trap a business into rigid, inefficient processes and introduce undue complexity. A unified, omni-channel desktop can transform customer experience without the cost and complexity of rip and replace. This whitepaper explains how companies can save time and money by taking advantage of existing resources in a new way.
    Learn more »
  • Omni-Channel Customer Service Demands the Intelligent Contact Centre
    In response to changing customer trends in an increasingly mobile and digital world, the contact centre must also evolve from its traditional focus on voice- and email-based customer service into the intelligent contact centre. This whitepaper details the key qualities needed to produce and maintain an omni-channel, context-aware customer engagement optimization platform.
    Learn more »
  • Why you should be re-thinking your approach to data protection
    Organisations of all shapes and sizes need a new approach to data protection that addresses the challenges of data growth, but IT budgets are not keeping pace with the escalating costs of supporting storage requirements. This whitepaper explores how securing and retrieving organisational data will need to be done more efficiently.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Latest Jobs
Salary Calculator

Supplied by

View the full Peoplebank ICT Salary & Employment Index

Recent comments