Apple’s plans to offer an iPhone nano were cast in doubt by the analysts at Lehman Brothers this week – but the accident is only one of timing – the analysts think the company is researching such a device…
“While we believe Apple is working on a lower-end iPhone form factor, we do not think one will come until Spring 2009,” analyst Ben Reitzes said, responding to the original report in the Daily Mail.
The analyst went on to observe Apple still needs to get supply and demand for the current model sorted out, and observes the company’s intent to ship the iPhone 3G in 50 more countries before the end of the year. Introducing another model at this stage would add extra complexity to an already complex task, he warns.
He also thinks Apple management would be unwise to introduce a cheaper, albeit less well-featured model so soon after customers laid down their dollars for the existing one.
But he doesn’t think this is a case of smoke without fire, warning investors that “a product like this” has been suggested to be in process, but that Apple hasn’t yet decided what final form it will take,
On demand, he explained: “We believe that initial demand overseas could be quite strong and estimate 8.3 million iPhones could be sold in [the fiscal first quarter of 2008] (December) with 24.2 million sold in fiscal 2009.”