Here are your Apple Rumors for today:
Price: Apple (AAPL) has cut the price of the iPhone 5s in India, reports AppleInsider. Customers looking to pick up an iPhone 5s in India now only have to shell out $372 for the smartphone. This is a drastic decrease in price when compared to its previous price tag of $663 in September. It’s actually the third price cut for the iPhone 5s in the last three months. The tech company is reportedly hoping to double the number of iOS users in India with the sale. AAPL devices are typically more expensive in the country due to high import taxes.
Wireless: Otono Networks has launched an LTE network for Apple’s iPad, MacRumors notes. The new network is called AlwaysOnline Wireless and ii’s available in 46 countries. It provides roaming LTE service to iPads that are equipped with SIM cards. The goal of the company is to sell short-term data plans to users that may need it while on the go. It’s prices start at 99 cents an hour for 15MB of data. The wireless provider hopes that customers will use these plans when they need directions, to check email or for other uses.
Sales: Morgan Stanely is predicting that iPhone sales will drop in 2016, reports Business Insider. Analyst Katy Huberty is expecting sales of iPhones for AAPL’s fiscal 2016 year to decrease by almost 6%. This would put sales of the device during that time at 218 million units. If this prediction comes true, then it would be the first time that the tech company has actually seen a decrease in sales from the prior year since the smartphone line was released in 2007.
