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Apple iPhone 6 is closer than its Seems
Posted by: Live investor (IP Logged)
Date: March 9, 2014 12:29PM
For all the Apple (AAPL) enthusiasts awaiting the next big thing from the Cupertino, you may be very close to it. The iPhone 6 release date could hit the stores much earlier than anticipated as iPhone 5S and iPhone 5C dealers are offering the best of deals to attract more buyers to clear off their inventories. Typically the iPhone maker reduces the price of its current offerings just before the launch of the upgraded version. This is done to clear maximum stock of the existing offering to pave way for the new edition.
So what’s the deal?
In contrast, Best Buy (BBY) price list for Apple buyers is $150 and $50 for iPhone 5S and 5C respectively. But the contest to sell the existing iPhone by giving the most lucrative deal doesn’t end here. Target (TGT) is also in the race. The company is offering trade in deals whereby an iPhone 4S or 5 owner can exchange his phone for an all new iPhone 5S or 5C. He would get an additional $50 gift card that can be traded to set off the price of the new iPhone.
When to expect?
A Citigroup Global Markets analyst said that iPhone 6 sales would surpass the sales of its current version. He said that iPhone shipments are estimated to rise 23% in the current year, compared to 13%a year ago.
Apple has consistently beaten its previous record every time it came out with the latest edition of the iPhone. True, no other company, other than Apple itself, is capable of surpassing its own mastery.
Stocks Discussed: AAPL, BBY, WMT, TGT, T, VZ,