NEW YORK (Reuters) – Speaking at the Reuters Global Technology Summit in New York on Monday, on Monday Sanford C. Bernstein analyst Toni Sacconaghi said he expects Apple in coming weeks to unveil new iPhones that will appeal to more cost-conscious consumers.
"I feel very confident there will be a lower-cost alternative," Sacconaghi said, adding that a cheaper phone would appeal to customers who prefer to pay for calls in advance and not commit to a long-term contract.
Today, prepaid customers pay a lot more at retail for the device than those who sign up for a two-year contact with operators such as AT&T Inc, the exclusive U.S. iPhone carrier.
