Apple's Budget iPhone Could Nab 11% of Low-Cost Market

Indigo

Apple's so-called “iPhone mini” could grab 11% of the low-end smartphone market within its first year on the shelves.

In the worst-case scenario, the budget iPhone could cannibalize about 30% of existing iPhone sales, according to AppleInsider.

According to Piper Jaffray’s Gene Munster, Apple’s low-cost iPhone is likely to launch in September with a price tag of around $300. This phone would carry a gross margin of 30% for Apple, compared to 55% for existing models.

The budget iPhone’s rumored release is being billed as a way to satisfy customers in developing nations who wish to spend less on smartphones. We've heard quite a bit about this phone over the past few months, including various concept designs.

These are some of the concept of the Next Generation iPhone mini with different transfancy colour option of the 90's Mac computers 

Ruby

Tangerine

Lime

Graphite

Bondi Blue