Apple may not have yet confirmed the existence of a low cost iPhone, but that isn’t stopping stock analysts from checking the supply chain for clues. RBC Capital Markets analyst Amit Daryanani released a note to investors this morning claiming not only that the phone is indeed on the way, but that he has also learned that the budget device will skip the Retina display that has become synonymous with Apple products.
Despite the fact that Apple appears set on adding a retina display to every product it has to offer, Daryanani claimed to his investors that his checks of the supply chain show that Apple will skip the retina display in the rumored device. He claims that the lower end device will sport a 4-inch design similar to the iPhone 5 and use a plastic casing, something that has been echoed by many other rumors.
The lack of a retina display, if true, is a bit puzzling as Apple will require all applications submitted to it for approval to support that technology as of May 1. Those apps should be able to run on lower resolution screens, but it still seems odd that the company would then turn around and release a version of the device that lacks it.
Should Daryanani’s information hold true, he is currently targeting a June or July release for both the iPhone 5S and the lower cost version of the popular handset.