Thursday, March 21, 2013

AAPL: Production of a cheaper iPhone will likely...

2:44 PM Production of a cheaper iPhone will likely start in June, says Jefferies' Peter Misek in an afternoon note that's helping Apple (AAPL +0.7%) outperform. Foxconn and Jabil (JBL) are expected to provide plastic cases. Misek and other sell-side analysts have already predicted a less costly iPhone will arrive this year, though some claim its case will use a composite rather than plastic. Meanwhile, Apple received top marks in J.D. Power's U.S. smartphone satisfaction study for the 9th straight time - its score of 855 is slightly above a prior 849, and well above an average of 796. Read comments

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