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. Try any of our Foolish newsletter services free for 30 days. 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.