Remember the backlash created by Apple last year when it priced the tenth anniversary iPhone X at $999 (64GB) and $1,149 (256GB)? Almost immediately there was talk that Apple planned to lower its prices for the 2018 models. And it also started work on a lower priced 6.1-inch iPhone with an LCD screen, no 3D Touch, and a single camera in back.

Today, Bank of America's Merill Lynch securities unit released a report to clients that says 2018 iPhone pricing will be higher than the consensus estimate forecast by Wall Street analysts. Merrill's Wamsi Mohan says that he expects ...


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