Nok up sharply in pre market nice drop yesterday on spec. of Tim Cook in China discussing a non developed phone
Do companies really try and make deals on products that are not even in r&d. That is a new concept Apple. No longer keep developments secret. Announce what you are planning on developing and see if there is any interest to keep working on it. Steve Jobs must be rolling over in his grave. Cook is doing the exact opposite of what Jobs would have done. Jobs would have worked night and day in secret actually creating a great product and then after it was done, tried and tested try and make deals. This guy Cooke is in China on a wing and a prayer. LOL apple.
btw, many are forgetting something here, old iPhone models have been used as their low end devices for years. I believe the 4S is almost selling as well, and in some cases better then, the iPhone 5 because of its reduced prices... But at the same time some analysts have downgraded sales by 6-8% for the coming Q's. Any "new" low end apple will simply be an old device with lipstick on it.