iPhone 5C May Replace iPhone 5 at a Not-So-Budget Price

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Apple iPhone 5CThe rumored iPhone 5C from Apple, which is expected to feature a plastic casing and be made available in a variety of different colors, may take the place of the current-gen iPhone 5 after its successor, the iPhone 5S, launches later this year. The surprising part, however, is that the iPhone 5C may go for as much as $500.

The iPhone 5C is intended to be a budget version of the iPhone, with more modest specs and a plastic casing in exchange for a lower price tag. However, KGI Securities analyst Ming-Chi Kuo — the same analyst who is maintaining that there will be a gold iPhone 5S and is looking more correct about it by the day — says that the iPhone 5C may still be priced betwen $400 and $500. Meanwhile, he said that the iPhone 5C will also take the place of the iPhone 5 later this year, effectively putting an end to Apple’s trend of selling the current-gen iPhone at a discounted price one it’s been succeeded.

That said, Kuo is maintaining that Apple will continue to sell the iPhone 4S in emerging markets, thereby ensuring that customers still have a budget option of some kind (even if its not the iPhone 5C, as has been expected). Kuo also added that Apple appears to be nearing an agreement with China Mobile and will sell both the iPhone 5S and 5C on its networks later this year. Apple’s market share in China has previously suffered due in part to its refusal to accept lower subsidies from China Mobile, so the two reaching a deal should help Apple finally break through.

Source: 9to5Mac

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