After a recent meeting with Apple's COO Tim Cook and CFO Peter Oppenheinmer, analyst Mike Abramsky from RBC Capital Markets has revealed some fresh information regarding the company's plans.
"Apple's primary criterion for launching a lower-end iPhone is an innovative, category-killer experience", Abramsky said, although his words weren't a direct quote from Apple's top executives, Apple Insider reports.
It isn't the first time we have heard about an alleged mid-range iPhone, although most rumours are around the soon-to-be-launched iPhone 5. Analyst Chris Whitmore of Deutsche Bank added his voice in June, saying "it's time for a mid-range iPhone" for Apple to reach the pre-paid market making up two thirds of the world's mobile consumers.
Based on some recent reports out of China, Ticonderoga analyst Brian White suggested on Wednesday that China Telecom might launch, alongside the upgraded iPhone 5, a lower-budget iPhone 4.
The meeting with Apple's top executives also brought out that Apple has "sustained advantages" over Android, Abramsky suggests, such as an integrated approach to hardware and software, oversight of user experience and application ecosystem curation - advantages that should help the company as ever more lower-priced Android smartphones hit the market, as expected.
All in all, the meeting pointed to a positive outlook for Apple, given the tremendous growth in recent years and the expected expansion into other emerging markets.