Apple's Cheap iPhone Might Not Be So Cheap After All (AAPL)

Apple is widely reported to be developing a lower cost iPhone to expand sales and market share around the world. But how low-cost is low-cost? Probably not as low-cost as you think. J.P. Morgan analysts Gokul Hariharan and Mark Moskowitz think Apple's lower priced iPhone is actually going to sell for $350. This would make it more of a mid-priced smartphone than a low-priced smartphone. In Apple's most recent quarter it reported an average selling price of $613 for the iPhone. This includes a mix...