Analyst says Apple working on two versions of the new iPhone to be released soon
Wu suggests that Apple needs to offer multiple versions of its touchscreen phone for multiple carriers to fight back against Android. Google's open source OS has been red hot and has been adding market share with a variety of models and carriers.
The analyst has reiterated his "buy" rating on Apple's stock with a target of $374, about $90 above the current trading price. Wu based his rating on information gleaned from his supply chain contacts and from speculation that a CDMA version of the Apple iPhone is being developed for Verizon.
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