NEW YORK (TheStreet) -- Apple (AAPL - Get Report) could make another move in the smartphone market, as MacRumors reports through two German blogs and its own sources that the tech giant could release an 8GB iPhone 5C as early as Tuesday.
The phone would be the new entry-level model and would be available in all 5C colors. Apple currently offers the iPhone 5C in 16GB and 32GB models.
One source in the MacRumors report is Caschys Blog, a German site that became aware of an alleged note sent by German carrier O2 to retailers. The note, which has not been verified, claims the new 8GB phone would cost 509 euros, or $707, compared to the 569 euros, or $791, for the 16GB model.
Another source, the German blog iFun, reported that the 8GB version would launch on Tuesday. MacRumors also cited multiple sources who said Apple has already shipped the new phone to carrier stores in the U.K.
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Finally, Engadget posted a photo of a product package that lists a blue, 8GB iPhone 5C as the model.
Apple was rising 0.71% to $528.39 at 1:15 p.m. on Monday.
TheStreet Ratings team rates APPLE INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- AAPL's revenue growth has slightly outpaced the industry average of 4.7%. Since the same quarter one year prior, revenues slightly increased by 5.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Although AAPL's debt-to-equity ratio of 0.13 is very low, it is currently higher than that of the industry average. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.23, which illustrates the ability to avoid short-term cash problems.
- The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- 41.65% is the gross profit margin for APPLE INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 22.69% is above that of the industry average.
- APPLE INC's earnings per share improvement from the most recent quarter was slightly positive. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, APPLE INC reported lower earnings of $39.63 versus $44.16 in the prior year. This year, the market expects an improvement in earnings ($42.73 versus $39.63).
- You can view the full analysis from the report here: AAPL Ratings Report