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As Apple readies entry-level iPhone, low-cost smartphone market predicted to explode

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As Apple readies entry-level iPhone, low-cost smartphone market predicted to explode
Apple hasn't announced any new smartphones yet this year, but the company's plans seem like a matter of public record at this point. The "iPhone 5S" will reportedly be an incremental update that replaces Apple's current flagship model in the late summer or early fall, and half a dozen solid reports suggest a new low-cost iPhone will debut in 2013 as well. Growth continues to slow at the high end of the smartphone market and a new opportunity is emerging at the bottom as feature phones become a thing of the past. It remains to be seen if Apple can build a phone that is affordable enough to compete in emerging markets, but market research firm ABI Research's recent report might provide some incentive: Shipments of low-cost smartphones are expected to explode in the coming years.

 

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