Anyone hoping for a cheaper iPhone may have just had their hopes dashed by Apple’s Phil Schiller:
Schiller reportedly told Chinese-language daily theShanghai Evening News that “despite the popularity of cheap smartphones, this will never be the future of Apple’s products.”
There’s more:
At first, non-smartphones were popular in the Chinese market, now cheap smartphones are more popular and non-smartphones are out,” Shchiller was quoted as saying. “Despite the popularity of cheap smartphones, this will never be the future of Apple’s products. In fact, although Apple’s market share of smartphones is just about 20 percent, we own the 75 percent of the profit.
So that seems to be that for a cheaper iPhone. But one thing you should keep in mind is that Steve Jobs once said that there was no point in coming out with an iPad with a screen smaller than 10″. But now we have the iPad Mini. Keep that in mind as you digest this.