UBS analyst Steve Milunovich told his clients that the low-cost Apple iPhone, which he calls the iPhone M and we call the Apple iPhone 5C, will immediately outsell the full-priced Apple iPhone 5S; and while Milunovich expects the cheaper version of Apple's iconic smartphone to come out of the gate selling like hotcakes, it could still result in a huge drop in Apple's overall iPhone business...
Source: http://www.phonearena.com/news/Milunovich-Low-cost-Apple-iPhone-M-to-outsell-full-priced-Apple-iPhone-5S_id46117
Source: http://www.phonearena.com/news/Milunovich-Low-cost-Apple-iPhone-M-to-outsell-full-priced-Apple-iPhone-5S_id46117