Apparently the thought of a cheap iPhone is now the only salvation for Apple in the eyes of many. I think we all know that lowering perception of quality is not a good thing for Apple. In any event a cheap phone means much lower profits
A value iPhone 4 with plastic case won't cannibalize high end iPhones, since customers in China, India & possibly Latin America wouldn't have bought iPhone 5 or aluminum 4 & 4S. It's a huge market, & even if margins are a little lower, the net is more profit for AAPL. A no brainer, IMO.
Apple said clearly 3 months ago they would not ever make a "cheap" phone. Apple always says what it will do, then everyone makes stuff up. Then the market will say hey there is no cheap phone...
Why the FN hell would anyone in their right mind think Apple is going to make a cheap iPhone? What next? BMW makes a cheap car? Louis Vuitton makes a cheap bag? Fact is Apple already has a cheap iPhone. It's called the iPhone 4. It'll be even cheaper when the new one comes out shortly. Give it up. Anyone who thinks Apple is making a cheap iPhone doesn't get Apple.
I agree that Apple should just create a bunch of iphone 4s for China and India. Call them iPhone C or iPhone I. Cheap iphones will cannibalize sales from the regular iphone. If Apple really wants the China Mobile deal, it can pay China Mobile to carry the phone. So far Cook has not done this because doing so will set off a very unprofitable precedent.
Funny how some people are talking about Apple needing "salvation" when they currently have the two top-selling smartphones on the planet and recorded the most profitable quarter for a tech company in recorded history last quarter. Sounds like you need to do a little more homework.
No, what’s REALLY funny is that have crawl back from under your rock after disappearing for 9 months hoping everyone would forget how you pumped this POS stock at 700, telling everyone it will be 1000 by now….LOL
Now THAT’S REALLY good for alaugh….ROTFLMAO!!!!
Sentiment: Strong Sell
They been listening to that hag Melissa and Cramer......There is nothing different now than there was 6 months ago. The rationality of the demise of apple has been exposed and the panic selling is done. All of the sudden word is being leaked that Apple has the two best selling phones on the planet. Their old model outsells all others except their new one. LMFAO.