Will the New “Cheap iPhone” Not be Cheap?

By Steve Heller, Eric Bleeker, and Jamal Carnette, CFA – Aug 24, 2013 at 10:19PM

NASDAQ: AAPL

Apple

Market Cap

$2,577B

Today's Change

(0.67%) $1.11

Current Price

$168.01

Price as of April 24, 2024, 10:27 a.m. ET

Half a grand wouldn't be very cheap.

Apparently, Apple's (NASDAQ: AAPL) "cheap" iPhone might not be that cheap.

According to KGI analyst Mingchi Kuo, he expects that the so-called iPhone 5C will carry an unsubsidized price tag between $400 and $500. Given Kuo's track record of making the right calls about Apple's future product announcements, there could be a lot of weight behind this call.

In the following video, Fool contributor Steve Heller sits down with tech and telecom analysts Eric Bleeker and Jamal Carnette to discuss to the call and the implications on Apple's long-term business if the alleged cheap iPhone isn't actually that cheap after all.

Eric Bleeker, CFA has no position in any stocks mentioned. Jamal Carnette owns shares of Apple. Fool contributor Steve Heller owns shares of Apple and Google. The Motley Fool recommends Apple and Google. The Motley Fool owns shares of Apple and Google. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.