Apple iPhone 5
Apple won't be launching a fifth-generation iPhone or the "baby" iPhone it's supposedly developing for emerging markets until 2012, according to the latest buzz on Wall Street.
Barron's reports that Keith Bachman of BMO Capital Markets told his clients "We believe the iPhone 5 will launch in mid-2012" leading others to believe that only a slightly upgraded iPhone 4, dubbed by the press as the "iPhone 4S" will launch this fall instead.
Contradicting a mountain of rumors pointing at an August or September 2011 launch date for the "iPhone 5," Bachman's note complements the sentiments of Mike Abramsky at RBC.
In a note to clients that was obtained by Business Insider, Abramsky said he "thinks" Apple will reduce the price of existing iPhones to convert more users instead. He thinks Apple will make a carrier-subsidized iPhone 3GS free, sell the iPhone 4 for $99, and if it launches, price the iPhone 5 at its usual entry point of $199/$299.