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New 4" iPhone With 12MP Camera Said to Cost $400-$500, iPhone 5s to Receive 50% Price Cut

KGI Securities analyst Ming-Chi Kuo has issued a research note to investors, a copy of which was obtained by MacRumors, in which he claims Apple's next-generation 4-inch iPhone (http://www.macrumors.com/roundup/iphone-se/) will feature a 12-megapixel rear-facing camera, as opposed to an 8-megapixel sensor (http://www.macrumors.com/2016/01/11/iphone-5e-a8-1gb-ram-apple-pay-volte/) as previously rumored.





<img src="(http://cdn.macrumors.com/article-new/2016/01/iphone5sstack.jpg)" alt="iphone5sstack" width="560" height="156" class="aligncenter size-full wp-image-484762" />


Kuo also reiterated that the new 4-inch iPhone will have other similar hardware specs as the iPhone 6s, including an A9 chip (http://www.macrumors.com/2016/01/25/a9-based-4-inch-iphone-16-64gb-storage/) and NFC for Apple Pay (http://www.macrumors.com/2016/01/11/iphone-5e-a8-1gb-ram-apple-pay-volte/). The device's form factor is expected to be similar to the iPhone 5s, although the display is said to have slightly curved 2.5D glass (http://www.macrumors.com/2015/12/03/kgi-4-inch-iphone-mid-2016-a9-nfc-metal/) like the iPhone 6 and newer.





Apple's new 4-inch iPhone could also feature 16GB and 64GB storage capacities (http://www.macrumors.com/2016/01/11/iphone-5e-a8-1gb-ram-apple-pay-volte/), 802.11ac Wi-Fi, Bluetooth 4.2, Live Photos support, and a slightly larger 1,642 mAh battery (http://www.macrumors.com/2015/12/29/iphone-6c-larger-battery-vs-iphone-5s/) compared to the iPhone 5s. 3D Touch (http://www.macrumors.com/2015/12/01/iphone-6c-colorful-metal-feb-2016/) will likely remain exclusive to the iPhone 6s and iPhone 6s Plus as a differentiating feature.





The well-informed analyst continues to believe the smartphone will cost between $400 and $500 (http://www.macrumors.com/2015/12/03/kgi-4-inch-iphone-mid-2016-a9-nfc-metal/) in the United States. The lower price point should help Apple target the mid- to low-price segment and drive iPhone sales in emerging markets such as China and India. Comparatively, the larger iPhone 6s starts at $649.





KGI Securities expects total 4-inch iPhone shipments to grow 131% year-over-year to 37 million units in 2016, on the strength of the new 4-inch iPhone launch and a 50% price cut on the iPhone 5s. Apple currently sells the iPhone 5s for $450 at full retail price, so the smartphone may soon be discounted to $225.





The research firm has lowered its new 4-inch iPhone shipments forecast to 12 million units from 18-20 million units because it believes customers that favor a small-size iPhone may purchase the cheaper iPhone 5s instead. KGI expects iPhone 5s shipments to "surge" following the half-off discount.





Kuo said Apple's upcoming 4-inch iPhone is "generally dubbed iPhone 5se (http://www.macrumors.com/roundup/iphone-5se/)," but a recent report said the smartphone may actually be called the "iPhone SE (http://www.macrumors.com/2016/02/26/apples-4-inch-iphone-se/)." The purported iPhone 5s successor has been given many other names in recent months, including "iPhone 6c (http://www.macrumors.com/2015/12/29/iphone-6c-larger-battery-vs-iphone-5s/)," "iPhone 5e (http://www.macrumors.com/2016/01/11/iphone-5e-a8-1gb-ram-apple-pay-volte/)," and "iPhone 5s Mark II (http://www.macrumors.com/2015/11/17/4-inch-iphone-a8-chip-bluetooth-4-1-more/)" internally.





Apple is expected to announce the new 4-inch iPhone, alongside a new 9.7-inch iPad Pro (http://www.macrumors.com/2016/02/25/ipad-air-3-branded-ipad-pro/) and minor Apple Watch updates (http://www.macrumors.com/2016/01/22/march-event-iphone5se-apple-watch-bands/), at its rumored March 15 media event (http://www.macrumors.com/2016/02/02/apple-march-15-2016-event-rumor/). Barring any last minute changes, the smartphone could reportedly go on sale as early as March 18 (http://www.macrumors.com/2016/02/12/ipad-air-3-iphone-5se-march-18/). Apple is unlikely to offer pre-orders for the device.





The research note also clarified that Apple will offer both single and dual camera (http://www.macrumors.com/2016/01/27/iphone-7-dual-camera-benefits/) versions of the iPhone 7 Plus.

<div class="linkback">Related Roundups: iPhone 5se (http://www.macrumors.com/roundup/iphone-5se/), iPhone SE (http://www.macrumors.com/roundup/iphone-se/)
Tags: KGI Securities (http://www.macrumors.com/roundup/kgi-securities/), Ming-Chi Kuo (http://www.macrumors.com/roundup/ming-chi-kuo/) </div>
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Source: New 4&quot; iPhone With 12MP Camera Said to Cost $400-$500, iPhone 5s to Receive 50% Price Cut (http://www.macrumors.com/2016/02/27/new-4-inch-iphone-400-to-500-iphone-5s-half-off/)