In his latest research note, Wedbush Securities analyst Daniel Ives has predicted that Apple could release a 5G version of the upcoming ‘iPhone 12’ that costs less than US $1,000, which would make it cheaper than most other flagship 5G smartphones in the market, Business Insider is reporting.
“We believe there are 4 models being launched for iPhone 12 with a mix of 4G/5G with price points that potentially could be lower than $1,000 on some versions despite the additional 5G component,” wrote Ives.
If Apple does introduce a 5G-capable ‘iPhone 12′ at an affordable price, it could provide a much-needed boost to the company’s iPhone business, which has been faltering in recent years as people have been upgrading their phones less frequently.
“Apple may not be the first tech company to launch a cheaper 5G smartphone. But considering it’s the third largest smartphone maker in the world behind Samsung and Huawei, according to research firm Gartner, such a move could have broader implications for the industry.”
Meanwhile, Smartphone makers like OnePlus, TCL, and Samsung are also starting to release less-expensive 5G phones ahead of Apple’s ‘iPhone 12’ launch.