RBC Analyst Mark Abramsky has just come up with comment saying that we are very close to see the USD 99 iPhone and this will bring the great market competition amongst the entery level cell phone market. Also giving the possible ways of cutting down the cost, he also has told that the main objective of cutting price will based on low resolution , no GPS, no 3G along with subsidy from wireless network.
Just to imagine the situation, this will impact not only the market share of smartphones but at the same time Apple will take hard hit on the margin front and Apple will have to seel nearly 3 times more to recover the margin hit.
Watch the RBC Analyst Report after jump…
(via BusinessInsider)
