Analysts: Cheaper iPhone to Come in June and 4 New Opinions Investors Must Know About

Apple Inc. (NASDAQ:AAPL): When considering supply chain checks, RBC Capital thinks that Apple is working to introduce the iPhone 5S and a less expensive iPhone in the June/July period. The low end iPhone is to feature the same form as the iPhone 5 but with a plastic casing and no retina display, the firm wrote. This device is expected to accretive to Apple’s corporate margins and has the potential to add $5+ to its EPS in 2014, the firm said. RBC Capital keeps its Outperform rating and a $600 price target on the stock