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Apple (NASDAQ:AAPL): Current Price $461.01

Analyst Ken Hui at Jefferies, who maintains a Hold on the shares along with a $420 price target, in a note late Thursday said that Foxconn will be providing the plastic case for a less expensive iPhone model that he expects to start production in June. The comment came after results from Apple manufacturing partner Foxconn Thursday morning. Hui also remarked that Jabil Circuit, which Wednesday night posted disappointing quarterly results, will be another casing provider, and that the Foxconn parent Hon Hai is “ramping multiple new iPhone models.”

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