There have been vague hints of a cheaper iPhone… it seems now the trail-blazing technology firm, Apple is exploring options for a more affordable option.
Tech giant Apple boss Tim Cook seemed to imply an affordable iPhone might be in development.
While speaking at the Goldman Sachs Technology and Internet Conference Tuesday, Apple Chief Executive Officer Tim Cook was asked how Apple wants to reach the markets looking for a more affordable handset.
While he didn’t answer directly, he said that Apple does look for ways to make products that budget-conscious consumers can buy.
He said: ‘If you look at Apple’s history, look at iPod: it was $399. Today you can get an iPod Shuffle for $49.
Meanwhile, earlier this year, it emerged that Apple is working on a lower-end iPhone.
He also said that Apple has paid out $8bn to developers from the App Store – a new figure that implies that Apple has taken in $11.4bn since opening the store in 2008.
However, Cook said that the smartphone market will hit 1.4 billion devices in the next four years, up from 700 million now.
When asked about competing phones with bigger screens, sometimes called “phablets …………. he dismissed the notion of competing solely on screen size, saying the experience and the quality of the device…
He said consume electronics makers invent new specs because their products don’t have a great experience. “Do you know the speed of an AX processer? You probably don’t. Does it matter? You want a fantastic experience.
In addition, iPhone shipments are increasing at a fast rate, Cook said. About 500 million iPhones shipped from 2007 to the end of last year, with 40 percent of the iPhones shipping in the last year, and 47.8 million shipping in the last fiscal quarter.
“Frankly, I see a wide open field,” Cook said.Editor’s Picks: