Apple Inc. could release its new smaller iPhone later this month. Dubbed as the ‘iPhone 5se,’ the device will have a 4-inch screen, and will be for people, who don’t want the 4.7-inch iPhone 6s or 5.5-inch iPhone 6s Plus. The smaller version is expected to have all the features of the bigger ones, except for one key functionality.
iPhone 5se, what we know so far
As per a report from MacRumours, the components that allow the 3D Touch Feature are missing in the iPhone 5se handset. The leaked pictures, which the site got hold of and says are from a “reliable source,” show the screen assembly process for the new device.
Apple’s current argument with the FBI is probably delaying the release of the iPhone 5se, which was expected to be revealed at an event on March 15. Also, these images are not the only leaks to show details of the much awaited iPhone.
Previously leaked images show that the new iPhone could be similar in shape and size as the 4-inch screen 5s. There can be some minor design changes. Based on the design of the iPhone case obtained by 9to5Mac, it can be said that the lock button could be moved from the top to the right-hand side of the device, like on the iPhone 6. But, separate schematics show that the button will remain on the top.
The iPhone 5se is expected to come with an 8-megapixel rear camera and 1.2-megapixel front camera, support for Apple Pay and Live Photos and. Similar to the 6s lineup, the smaller iPhone would be available in Silver, Space Grey, Gold and Rose Gold color options. The “se” suffix in the iPhone 5se is believed to represent “special edition” variation of the 4-inch iPhone screen size or an “enhanced” version of the iPhone 5s.
As per KGI Securities analyst Ming-Chi Kuo, the new iPhone will sell alongside iPhone 6s and 6s Plus, and will be cheaper ranging around $400-500 (£250-350). It will only account for 8-9% of next year’s iPhone sales, but will help Apple Inc. expand its market among the middle-class consumers.
Apple stock over $100 again
Meanwhile, Apple investors got a break Tuesday, with stock back over $100 a share. Apple’s stock hasn’t closed above $100 since Jan. 22, 2016. Despite the gain, it is too early to pronounce victory for the smartphone maker. From its highest point of more than $134 a share, the iPhone maker’s shares have dropped 25%. The shares are still down 5.1% this year, putting it in the powerful grip of a bear market.
Apple’s adjusted earnings are expected to drop 1.3% in fiscal 2016, this is really bad considering the profit rose to 43% in fiscal 2015. Still, average analysts think Apple’s share could be worth $134 in 18 months. Apple Inc. is engaged in a legal battle with the Federal Government over the iPhone encryption issue, and this may impact the stock, if the case goes against.
On Tuesday, Apple shares closed up 3.97% at $100.53. In the last one-year, the stock is down almost 22%.