Apple shares got a short-term boost last week from billionaire investor Carl Icahn's tweets pressuring the company to borrow money to buy back more stock, but such a move would do little to help ... more 
Apple shares got a short-term boost last week from billionaire investor Carl Icahn's tweets pressuring the company to borrow money to buy back more stock, but such a move would do little to help long-term investors. With the world waiting for Apple's upcoming iPhone event on September 10th, the company is busy behind the scenes and also publicly with developers trying to finalize iOS 7, the mobile operating system that will soon power the iPhone, iPad and iPod touch. Apple's budget iPhone is looking anything but cheap. 9to5Mac points to the latest research note from KGI Securities analyst Ming-Chi Kuo, who says that Apple is planning to price the lower-cost iPhone 5C at between $400 and $500 this fall. What's more, Kuo says that Apple is planning to replace the iPhone 5 with the iPhone 5C as the budget option for consumers by the end of the year, thus ending the company's practice of selling the most recent version of the iPhone at a discount once it gets replaced by a newer version. Interestingly, Kuo says that company will continue selling the iPhone 4S as a budget option in emerging markets even as it's giving the axe to the iPhone less 
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Mon, Aug 19, 2013 3:44 PM EDT