Based on a discussion with Apple iPod and iPhone product chief Greg Joswiak, RBC analyst Mike Abramsky issued a note Tuesday that attempted to draw a roadmap on where the popular iPhone is headed next.
Though Apple did not provide RBC any specific product plans, Abramsky suspects Apple will stick to its product development style by offering new models with greater memory and more features.
Abramsky sees two possible additions to the iPhone family: a cheaper $349 to $399 model possibly by Christmas, and a faster 3G phone sometime next year. iPhones on sale now sell for $499 to $599, depending on memory size.The speculation around new phones comes as
Apple shares fell $3.75 to $128.01 early Wednesday.
|Want more? Check out TheStreet.com TV video. Scott Moritz clears the air.|