Apple is reportedly planning to release a new iPhone this year that is cheaper for its particular clientele. According to several market analysts especially the KGI Securities key analyst Ming-Chi-Kuo, Apple is set to unleash the a device that has a dual-SIM support feature to allow its users to use two SIM cards for different networks in one handset. Apple declined to comment on the reports.
Dual SIM cards are increasingly becoming popular among the users of mobile phones particularly for frequent travelers who prefer to use the same device to connect to a new network in other regions or countries across the world without the need to switch SIM cards.
This would be the first time Apple is offering a dual-SIM iPhone and it would be the first in the history of the company that has been leading the tech industry for a long time. The new device would cost between $650 and $750 compared to the previous iPhone versions. According to the reports, Apple is determined to expand its market share in China and other new markets across the world.
Kuo also revealed recently that Apple is planning to launch three new devices before the end of the year, which includes a 6.1-inch model to upgrade its iPhone X and another new iPhone X Plus handset to increase its product growth and market relevance. The company usually remains numb on the reports until the right time comes to make the big announcements.
Meanwhile, the declining demand for the iPhones could significantly hurt its key supplier, according to the latest news from the Wall Street Company Mizuho Securities. The financial analyst firm downgraded Apple’s chip supplier claiming that the firm is likely to face the pricing pressure later in the year.
According to market analyst Vijay Rakesh, Apple takes about 40% of the market share but the iPhone production is predicted to decline by 2% by the second half of the year. Hence, the production of new models could drastically cost lower than the usual iPhones.