DETROIT, Mich. – Apple analyst Brian White at Topeka capital says that a new, more cost efficient iPhone launch is "imminent", and that it could be out this July.
So what can we expect from the new iPhone?
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White says he expects it to be roughly the same size as the iPhone 5, but with a slightly thicker body and a more tapered rounding. The edges are expected to be less squared off, but the length and the size are expected to be roughly the same or even identical (including a four-inch display).
In addition, the new iPhone is anticipated, for the first time, to come in five colors--and the back will be plastic.
The new iPhone is estimated at roughly $350-400. To give some context, last quarter Apple reported the average selling price of iPhones at $613, including iPhone 5S, iPhone 4S, and iPhone 4. The iPhone 5 goes for probably $650 or higher, making the new iPhone a mid-tier smartphone and reasonably priced phone for Apple.