ZTE at MWC 2013: Join us Monday (live blog)



ZTE CEO Shi Lirong during his keynote address at Mobile World Congress in Barcelona, Spain, last year.



(Credit:
Roger Cheng/CNET)



BARCELONA, Spain--Get all the details of ZTE's Mobile World Congress press conference right here.


CNET's Brian Bennett, photographer Stephen Shankland, and I will be bringing you the news, photos, and commentary from the event.


ZTE is expected to build upon its expanded presence at last year's show and go big with the smartphone announcements. The company has in the past unveiled phones here that don't make it to the U.S., although it has made progress in its relationships with the U.S. carriers.


You can tune in to the live blog here:


ZTE's Mobile World Congress press conference


ZTE has quickly grown into a major force in the smartphone business, although the company has yet to really make a dent in the U.S. market. In the U.S., ZTE largely supplies low-cost smartphones to the prepaid carriers, although some of its phones have made it to the larger national carriers.



ZTE unveiled the Grand S at the Consumer Electronics Show, a high-end phone it believes will make its way to one of the larger U.S. carriers later this year.


Let's hope ZTE is shooting to top itself with its MWC announcement.


As usual, we'll be using ScribbleLive to bring you live text and photos, blow by blow. We'll start the live blog about an hour before ZTE officially kicks off its event.


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NASCAR has some cleaning and explaining to do

DAYTONA BEACH, Fla .With the start of the Daytona 500 just hours away, NASCAR officials still have some cleaning up to do amid growing questions about fan safety.

The season opener will go off as planned Sunday less than 24 hours after at least 33 people were injured when a car flew into the fence during a NASCAR race at Daytona International Speedway, sending a tire and large pieces of debris sailing into the stands.

"Just seeing the carnage on the racetrack, it was truly unbelievable," driver Justin Allgaier said.




21 Photos


Daytona racecar loses control






Play Video


Fans injured in crash at Daytona



The final-lap accident Saturday marred the second-tier Nationwide Series race on the eve of a spectacle often called the Super Bowl of motorsports. Late into the night, track workers were scrambling to repair a huge section of fence that separates fans from the high-speed track.

Nathan Kimpel, 24, who works at a concession stand near where the crash happened, told CBS News correspondent Adriana Diaz that he saw 10 to 15 fans being carried out on stretchers.

"As soon as I saw the accident I just turned my head because I didn't want to get injured or anything," Kimpel told Diaz. "I saw the fence separate and more pieces of car parts flying up."

Meghan Willams, 20, who also works at a concession stand, told Diaz the crash sounded like an "earthquake." She saw people running and crying and a girl completely covered in engine oil.

Byron Cogdell, a spokesman for Halifax Health Medical Center, told CBS News that one of the 11 patents taken to the hospital was in critical condition and five more were listed as "trauma" patients.

Speedway President Joie Chitwood III has a news conference scheduled for Sunday morning to give the latest update on repairs and any safety changes that could be made before the "Great American Race."

The 12-car crash began about 200 feet from the start-finish line as the front-runners approached the checkered flag. Leader Regan Smith attempted to block Brad Keselowski for the win, triggering a horrific pileup that could have been much worse.

The front end of Larson's No. 32 car was sheared off, and his burning engine wedged through a gaping hole in the fence. Parts and pieces of his car sprayed into the stands, including a tire that cleared the top of the fence and landed midway up the spectator section closest to the track.

The 20-year-old Larson stood in shock a few feet from his car as fans in the stands waved frantically for help. Smoke from the burning engine briefly clouded the area, and emergency vehicles descended on the scene.

Ambulance sirens could be heard wailing behind the grandstands at a time the race winner would typically be doing celebratory burnouts.

"It was freaky. When I looked to my right, the accident happened," Rick Harpster of Orange Park said. "I looked over and I saw a tire fly straight over the fence into the stands, but after that I didn't see anything else. That was the worst thing I have seen, seeing that tire fly into the stands. I knew it was going to be severe."

Shannan Devine of Egg Harbor Township, N.J., was sitting about 250 feet from where the car smashed into the fence and could see plumes of smoke directly in front of her.

"I didn't know if there was a car on top of people. I didn't know what to think," she said. "I'm an emotional person and I immediately started to cry. It was very scary. Absolutely scary. I love the speed of the sport. But it's so dangerous."

Chitwood said 14 fans were treated on site and 14 others were taken to hospitals. Local officials said 19 people were taken to neighboring hospitals, including two who were in critical but stable condition.

Because of potential injuries, race winner Tony Stewart skipped the traditional victory celebration.

Stewart, who won for the 19th time at Daytona and seventh time in the last nine season-opening Nationwide races, was in no mood to celebrate.

"The important thing is what is going on on the frontstretch right now," said Stewart, a three-time NASCAR champion. "We've always known, and since racing started, this is a dangerous sport. But it's hard. We assume that risk, but it's hard when the fans get caught up in it.

"So as much as we want to celebrate right now and as much as this is a big deal to us, I'm more worried about the drivers and the fans that are in the stands right now because that was ... I could see it all in my mirror, and it didn't look good from where I was at."


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Crash at Daytona Exposes Risks to Fans












The risks of racing extend beyond the drivers.



Fans can wind up in the danger zone, too.



A horrifying crash on the last lap of a race at Daytona International Speedway injured at least 30 fans Saturday and provided another stark reminder of what can happen when a car going nearly 200 mph is suddenly launched toward the spectator areas.



The victims were sprayed with large chunks of debris — including a tire — after rookie Kyle Larson's machine careened into the fencing that is designed to protect the massive grandstands lining NASCAR's most famous track.



"I love the sport," said Shannan Devine, who witnessed the carnage from her 19th-row seat, about 250 feet away. "But no one wants to get hurt over it."



The fencing served its primary purpose, catapulting what was left of Larson's car back onto the track. But it didn't keep potentially lethal shards from flying into the stands.



"There was absolute shock," Devine said. "People were saying, 'I can't believe it, I can't believe it. I've never seen this happen, I've never seen this happen. Did the car through the fence?' It was just shock and awe. Grown men were reaching out and grabbing someone, saying, 'Oh my gosh! Oh my gosh!' It was just disbelief, absolute disbelief."



From Daytona to Le Mans to a rural road in Ireland, auto racing spectators have long been too close to the action when parts start flying. The crash in the second-tier Nationwide race follows a long list of accidents that have left fans dead or injured.





The most tragic incident occurred during the 1955 24 Hours of Le Mans, when two cars collided near the main stands. The wreck sent debris hurtling into the crowd, while one of the cars flipped upside down and exploded in a giant fireball.



Eighty-three spectators and driver Pierre Levegh were killed, and 120 fans were injured.



The Daytona crash began as the field approached the checkered flag and leader Regan Smith attempted to block Brad Keselowski. That triggered a chain reaction, and rookie Kyle Larson hit the cars in front of him and went airborne into the fence.



The entire front end was sheared off Larson's car, and his burning engine wedged through a gaping hole in the fence. Chunks of debris from the car were thrown into the stands, including a tire that cleared the top of the fence and landed midway up the spectator section closest to the track.



"I thought the car went through the fence," Devine said. "I didn't know if there was a car on top of people. I didn't know what to think. I'm an emotional person. I immediately started to cry. It was very scary, absolutely scary. I love the speed of the sport. But it's so dangerous."



The fencing used to protect seating areas and prevent cars from hurtling out of tracks has long been part of the debate over how to improve safety.



Three-time Indianapolis 500 winner Dario Franchitti lost close friend Dan Wheldon at Las Vegas in the 2011 IndyCar season finale, when Wheldon's car catapulted into the fencing and his head struck a support post. Since his death, IndyCar drivers have called for studies on how to improve the safety barriers.



Franchitti renewed the pleas on Twitter after the Daytona crash, writing "it's time (at)Indycar (at)nascar other sanctioning bodies & promoters work on an alternative to catch fencing. There has to be a better solution."



Another fan who witnessed the crash said he's long worried that sizable gaps in the fencing increase the chances of debris getting through to the stands.





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Iran announces uranium finds, days before nuclear talks


DUBAI (Reuters) - Days before resuming talks over its disputed atomic program, Iran said on Saturday it had found significant new deposits of raw uranium and identified sites for 16 more nuclear power stations.


State news agency IRNA quoted a report by the Atomic Energy Organisation of Iran (AEOI) which said the reserves were discovered in northern and southern coastal areas and had trebled the amount outlined in previous estimates.


There was no independent confirmation. With few uranium mines of its own, Western experts had previously thought that Iran might be close to exhausting its supply of raw uranium.


"We have discovered new sources of uranium in the country and we will put them to use in the near future," Fereydoun Abbasi-Davani, head of the AEOI, was quoted as saying at Iran's annual nuclear industry conference.


The timing of the announcement suggested Iran, by talking up its reserves and nuclear ambitions, may hope to strengthen its negotiating hand at talks in Kazakhstan on Tuesday with the United States, Russia, China, Britain, France and Germany.


Diplomats say the six powers, known as the P5+1, are set to offer Iran some relief from international sanctions if it agrees to curb its production of higher-grade enriched uranium.


The West says Iran's enrichment of uranium to a fissile purity of 20 percent demonstrates its intent to develop a nuclear weapons capability, an allegation the Islamic republic denies.


FROM MINE TO CENTRIFUGE


The enriched uranium required for use in nuclear reactors or weapons is produced in centrifuges that spin uranium hexafluoride gas (UF6) at high speeds. The UF6 is derived from yellow cake, a concentrate from uranium ore discovered in mines.


Iran's reserves of raw uranium now stood at around 4,400 tonnes, taking into account discoveries over the past 18 months, IRNA quoted the report as saying.


In another sign that Iran is intent on pushing forward with its nuclear ambitions, the report also said 16 sites had been identified for the construction of nuclear power stations.


It did not specify the exact locations but said they included coastal areas of the Gulf, Sea of Oman, Khuzestan province and the Caspian Sea.


Iranian authorities have long announced their desire to build more nuclear power plants for electricity production. Only one currently exists, in the southern city of Bushehr, and that has suffered several shutdowns in recent months.


The announcements could further complicate the search for a breakthrough in Kazakhstan, after three unsuccessful rounds of talks between the two sides in 2012.


"We are meeting all of our obligations under the nuclear Non-Proliferation Treaty and we should be able to benefit from our rights. We don't accept more responsibilities and less rights," Saeed Jalili, Iran's chief nuclear negotiator, was quoted as telling Saturday's conference.


In what Washington has called a provocative move, Iran is also installing new-generation centrifuges, capable of producing enriched uranium much faster, at a site in Natanz in the centre of the country.


Western diplomats say the P5+1 will reiterate demands for the suspension of uranium enrichment to a purity of 20 percent, the closure of Iran's Fordow enrichment plant, increased access for International Atomic Energy Agency inspectors and agreement to address concerns on existing uranium stockpiles.


In return, the latest embargoes on gold and metals trading with Iran would be lifted. Iran has criticized the offer and says its rights need to be fully recognized.


"If the P5+1 group wants to start constructive talks with Tehran it needs to present a valid proposal," said Jalili. "It needs to put its past errors to one side ... to win the trust of the Iranian nation."


In a statement issued before the Iranian announcement, German Foreign Minister Guido Westerwelle said the six-power group wanted to enter a 'substantial negotiation process' over Tehran's nuclear program.


"The talks in Almaty are a chance which I hope Iran takes," he said.


(Additional reporting by Alexandra Hudson in Berlin; Editing by Mark Trevelyan)



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Football: Berbatov's magic moment sinks Stoke






LONDON: Fulham forward Dimitar Berbatov produced a moment of magic to end his side's poor run with a 1-0 win over Stoke at Craven Cottage on Saturday.

Berbatov marked his 200th Premier League appearance with his 85th goal in the English top-flight and it was one of the former Manchester United star's best as he netted a superb volley just before half-time.

Martin Jol's team still needed a second half penalty save from Mark Schwarzer, who kept out Jon Walters' effort, to clinch just their fourth win in 19 Premier League games.

Berbatov and Schwarzer's heroics lifted Fulham to 11th, nine points clear of the relegation zone, and continued the away-day misery for Stoke, who have won just one in their last 23 leagues games on their travels.

Fulham's first sight of goal fell to Berbatov after Sascha Riether's cross picked out the Bulgarian forward for a close-range volley that looped just over.

Bryan Ruiz had the ball in the net moments later but Fulham's celebrations were cut short as referee Lee Probert correctly ruled that the Costa Rican forward had used his hand to score.

Steven Nzonzi needed treatment after a collision with Berbatov left the Stoke midfielder with blood dripping from the bridge of his nose.

Nzonzi still seemed miffed following that incident and he was fortunate to escape with a booking after cuffing Ruiz around the head in an off-the-ball incident.

A ferocious free-kick from Fulham's Greek midfielder Giorgos Karagounis brought the best save of the half from Asmir Begovic.

Stoke sent on American midfielder Brek Shea for his debut when Matthew Etherington hobbled off with a back injury.

Jol's team pushed on and finally broke the deadlock in first half stoppage-time when a cross was only half cleared to Berbatov, who showed superb technique to lash a brilliant volley into the top corner of Begovic's goal.

Fulham defender Philippe Senderos almost gifted Stoke an equaliser immediately after the interval when his attempt to shepherd the ball back to Schwarzer allowed Peter Crouch to nip ahead of him and flick a shot that the Australian saved well.

Schwarzer came to Fulham's rescue again in the 54th minute after Dejagah conceded a penalty when he blocked Shea's cross with his raised arms.

Walters stepped up to take the spot-kick, but the Stoke striker has a poor record with penalties this season and his luck was out again as Schwarzer dived to his right to save.

- AFP/fa



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Huawei's MWC 2013 news: Join us Sunday (live blog)



Richard Yu, CEO of Huawei's Consumer Business Group, holds the Ascend Mate, a 6.1-inch phablet that the company debuted in January.

Richard Yu, CEO of Huawei's Consumer Business Group, holds the Ascend Mate, a 6.1-inch phablet that the company debuted in January.



(Credit:
screenshot by Stephen Shankland/CNET)



BARCELONA, Spain--On Sunday, we'll find out how well Huawei is doing meeting its ambition to become a top-tier smartphone manufacturer.


That's when the up-and-coming company plans to debut a brand-new phone at a Mobile World Congress at a press conference. CNET will be there to provide all the details about that phone -- you can expect a premium
Android model -- and likely other news as well.


CNET UK's Luke Westaway, photographer Sarah Tew, and I will supply news updates, photos, and commentary from the event. It starts at 3 a.m. PT, which is 2 p.m. local time in Barcelona.


You can tune into the live blog here:

Huawei's Mobile World Congress press conference


Huawei got its start with networking equipment, but it's working hard, along with fellow Chinese handset maker ZTE, to become a consumer brand, too.




It hasn't had much success cracking into the top tier of the U.S. handset market, but it's pumping out a steady stream of new devices running Google's Android operating system. At
CES, Huawei debuted the Ascend Mate a phablet with a whopping 6.1-inch screen, and the Ascend D2, which looks small in comparison with a 5-inch screen.


That work has raised Huawei's profile in the last year. But Huawei gets unwanted extra attention, too, as it faces Chinese espionage scrutiny from the U.S. government.


As usual, we'll use ScribbleLive to for blow-by-blow coverage starting about 15 minutes before the press conference begins.


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McCain, Obama to meet on immigration Tuesday

Updated 11:32 PM ET

MEXICO CITY U.S. Sen. John McCain said Friday that he and other lawmakers working on an immigration overhaul will meet with President Barack Obama on Tuesday to discuss the effort to revamp the system.

McCain, a member of a bipartisan group of eight senators working on a bill, said there is still significant disagreement with the president, but he is optimistic about producing legislation that includes a path to legalization for illegal immigrants.

The White House could not immediately confirm the Tuesday meeting.

"The president of the United States has supported our efforts. In fact we will be meeting with the president on Tuesday," McCain said during a visit to Mexico.

He did not say how many senators would attend the meeting.

McCain told reporters after meeting with Mexican President Enrique Pena Nieto that many details must be worked out between Obama and senators trying to produce legislation.

Asked about the prospects for reaching a deal, he said: "I am guardedly optimistic that we could by the end of the next month. There's still a number of agreements that need to be made before I can assure you that we will have a resolution."

While they differ on some key details, both Obama and the Senate are contemplating legislation that would provide a pathway to citizenship for most of the 11 million illegal immigrants already in the U.S., tighten border security, crack down on businesses that employ illegal workers and strengthen the legal immigration system.

McCain ticked off those aspects and added that he also envisions the legislation including a process for foreign agricultural and low-skilled laborers to work in the United States, a provision for highly educated workers to remain in the U.S., better identification cards for migrants and a special path for migrants brought to the U.S. as children.

"On some of those we have specific agreement, in other areas we agree in principle, but we have not resolved the details," he said. "We are making progress, but we are still not at a point where we can say we will succeed."

The meeting marks Obama's most direct involvement to date in negotiations by the bipartisan group of senators working to craft comprehensive immigration reform legislation. Wary of making it harder for Republicans to support an eventual bill by embracing it too closely, Obama has instead kept his distance.

The White House is prepping its own bill, but says it's just a backup in case congressional talks fail.

"It is, by far, the president's preference that the Senate process move forward, that the bipartisan group of eight have success, and that they produce a bill that wins the support of Democrats and Republicans in Senate," White House spokesman Jay Carney said this week.

The risks for Obama in getting too close to the process were on full display earlier in the week when details of Obama's draft bill were leaked, prompting concerns among some in Congress that the competing bill would make it harder for senators to strike a bipartisan deal. Florida Sen. Marco Rubio, a key Republican member of the group, said Obama's plan had "injected additional partisanship into an already difficult process."

But Senate aides said privately that bipartisan negotiations were in a good place and they did not feel as though the disclosure of details in Obama's draft bill had disrupted their process.

Last month, McCain spoke about the immigration issue with "CBS This Morning." In reference to the plan -- which would grant temporary legal status to most of the 11 million illegal immigrants if they pass a criminal background check, pay a fine in back taxes, and learn English -- he said : "I hope that as more Americans see this proposal, that they will understand that we cannot have, forever, 11 million people living in the shadows in this country."

On another political issue, McCain said that former Sen. Chuck Hagel had been weakened by his battle to be confirmed as defense secretary, but McCain said he and Senate colleagues could work with Hagel at the Pentagon. Hagel is expected to be confirmed Tuesday after fierce attacks from fellow Republicans including McCain.

"I think he will have been weakened, but having said that, the job that he has is too important," McCain said. "I know that I and my other colleagues, if he's confirmed, and he very likely will be, will do everything we can to work with him."

McCain was defeated by Obama in the 2008 presidential election.

Turning to Mexico, McCain said Pena Nieto had reassured him that Mexico would continue to battle drug cartels while reassessing the country law-enforcement strategy.

The Mexican administration that took office Dec. 1 has, at least in its public rhetoric, emphasized social programs and economic growth as the answer to drug crime, a change from the previous government's focus on a militarized offensive against cartels. That has provoked concern in Washington about a reduction in anti-drug cooperation with Mexico.

"I have no doubt about his commitment," McCain said of Pena Nieto. "I think he feels that policies and practices of the previous administration need to be examined."

McCain said the Mexican president had emphasized the need to reinforce Mexico's southern border with Guatemala, a new emphasis in a relationship that has focused heavily on the U.S.-Mexican border.

The Mexican government said Pena Nieto "emphasized the necessity and the benefits of diversifying the agenda and the dialogue between Mexico and the United States," to focus on economic issues including the automotive industry and educational, scientific and technological cooperation.

Pena Nieto's government is in the midst of an international and domestic public relations campaign to undercut Mexico's association with drug crime and promote its relatively strong economic growth, driven partly by foreign investment in manufacturing plants here.

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Pistorius Family: 'Law Must Run Its Course'












South African Olympian Oscar Pistorius is spending time his family today after the athlete was freed on $113,000 bail Friday.


"We realise that the law must run its course, and we would not have it any other way," the Olympian's uncle, Arnold Pistorius said in a statement on Saturday.


The Pistorius family expressed their gratitude that the former Olympian was allowed out of jail before the trial.


"This constitutes a moment of relief under these otherwise very grave circumstances" said Arnold Pistorius."We are extremely thankful that Oscar is now home."


Pistorius, 26, is charged with premeditated murder in the Valentine's Day shooting of his girlfriend Reeva Steenkamp.


While the prosecution argued that the world-renowned athlete was a flight risk and had a history of violence, South African Magistrate Desmond Nair, who presided over the case, disagreed.


FULL COVERAGE: Oscar Pistorius


"He regards South Africa as his permanent place of abode, he has no intention to relocate to any other country" Nair said during his two hour ruling, before concluding with, "the accused has made the case to be released on bail."








'Blade Runner' Murder Charges: Oscar Pistorius Out on Bail Watch Video











Oscar Pistorius Granted Bail in Murder Case Watch Video





Pistoriuis will have to adhere to strict conditions to stay out of jail before the trial. He must give up all his guns, he cannot drink alcohol or return to the home where the shooting occurred, and he must check in with a police department twice a week.


Oscar Pistorius is believed to be staying at an uncle's house as he awaits trial.


RELATED: Oscar Pistorius Case: Key Elements to the Murder Investigation


During the hearing, the prosecution argued that Pistorius shot Steenkamp after an argument, while the defense laid out an alternate version of events saying Pistorius mistook his girlfriend for an intruder.


Nair took issue with the head detective originally in charge of the case, who he said "blundered" in gathering evidence and was removed from the case after it was revealed he is facing attempted murder charges.


RELATED: Oscar Pistorius Case: Lead Det. Hilton Botha to Be Booted From Investigation Team


After the magistrate's decision, cheers erupted in the courtroom from the Pistorius camp. Pistorius' trial is expected to start in six to eight months, with his next pre-trial court date in June.


Reeva Steenkamp Family Reaction


Steenkamp's father, Barry Steenkamp told the South African Beeld newspaper that the 26-year-old athlete will "suffer" if he is lying about accidentally shooting 29-year-old model.


PHOTOS: Oscar Pistorius Charged with Murder


Barry Steenkamp went on to say that the Pistorius will have to "live with his conscience" if he intentionally shot Reeva.


The Associated Press contributed to this report.



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India sets rules for new bank permits in rural push






MUMBAI : India on Friday unveiled rules for issuing new bank licences in a push to expand financial services into the country's rural hinterland where hundreds of thousands of villages have no banking outlets.

Ninety percent of India's 600,000 villages do not have banking facilities, the Reserve Bank of India says, while fewer than half of the country's 1.2 billion people have a bank account.

Private companies, public-sector groups and non-banking financial firms will be eligible to apply for licences for new banks by setting up financial holding companies, the central bank said in a statement.

Groups seeking to set up a bank "should have a past record of sound credentials and integrity, be financially sound with a successful track record of 10 years", the Reserve Bank said.

The minimum capital needed to set up a bank will five billion rupees (US$91 million).

Also, the new banks will have to open at least a quarter of their branches in rural areas with no such facilities, and foreign shareholdings in any new bank should not exceed 49 percent in the first five years.

The need to set up more banks, especially in rural areas, has become increasingly urgent as the government seeks to pay cash directly to India's poor to ensure more efficient distribution.

Indian conglomerates like the Tata Group and the Anil Ambani Reliance group, which already own financial businesses, have voiced interest in setting up banks.

The Reserve Bank is seeking to follow a path of "financial inclusion", embracing swathes of rural India which have little access to banking services, the bank's governor Duvvuri Subbarao said.

No new Indian bank has been set up since the private Yes Bank in 2004. Yes Bank now is a leading industry player.

India currently has just 26 state-run, 20 private and 40 foreign banks.

Another 2,200 rural and co-operative banks cover other parts of the country.

The Finance Ministry said it hopes the Reserve Bank will be able to start issuing licences for new banks by the end of the next financial year, which runs to March 2014.

"With all going well, with all clearances, by end of the (next) financial year we will see some success," Financial Services Secretary Rajiv Takru told reporters in New Delhi.

- AFP/ch



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iPhone Mini launch this summer makes sense, analyst says



Apple's iPhone 5.

Apple's iPhone 5.



(Credit:
CNET)

A low-priced iPhone makes a lot of sense, Morgan Stanley says, and it even could hit the market this summer. Katy Huberty, an analyst with the banking firm, noted that after her meetings with Apple Chief Financial Officer Peter Oppenheimer, she's convinced that innovation remains a top priority for the Cupertino, Calif., electronics giant. She also believes that Apple will increase cash return to shareholders and expand carriers, distribution, and possibly price points to drive iPhone growth.

She noted that a lower priced iPhone makes sense for several reasons:

  1. "iPad Mini is expanding Apple's customer base with 50 [percent] of purchases in China/Brazil representing new customers to the ecosystem."

  2. "Chinese consumers show a desire to purchase the latest version of iPhone (instead of discounted older generations)."

  3. "iPhone 4 demand surprised to the upside in the December quarter."

Huberty added that while an iPhone Mini would have lower gross margins and cannibalize other iPhone sales, it would boost revenue and profits.

She noted that new iPhones, including a lower-priced iPhone for emerging markets, could launch this summer, while the
iPad will likely be refreshed by mid-year. Many reports in recent weeks have pegged an iPhone Mini launch to the summer timeframe.

Huberty also expects new carrier partnerships including NTT Docomo, T-Mobile, and China Mobile in the second half of the year or 2014.

Speculation has been building that Apple will soon release a cheaper iPhone. While it continues to sell many models of its newest iPhone, many customers have been opting for the older, discounted generations. And as smartphones sales growth slows in the U.S. and other mature markets (because almost everyone has a phone), emerging markets will become even more key to future sales. A lower priced phone would help Apple sell more devices in places like China, where few people can afford to buy its priciest gadgets.

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