“Apple clearly intends to maintain its position in the high-end segment with the release of the iPhone XS and XS Max, but with price cuts for older models and the addition of the iPhone XR, CEO Tim Cook signaled designs on a bigger share of Asia’s growing market,” Hiromi Sato writes for Nikkei Asian Review. “‘We want to serve everyone,’ Cook said in an interview with Nikkei. ‘We understand that there is a wide range of what customers are looking for and a wide range of prices that people will pay.'”

“On Wednesday, the company announced price cuts for older models, including the iPhone 7 and iPhone 8, with the cost of the former now starting at $449 — more in line with the midrange models of Apple’s competitors,” Sato writes. “On the premium side of the lineup, Apple now offers the 5.8-inch iPhone XS and the 6.5-inch iPhone XS Max, starting at $999 and $1,099, respectively. The XS Max has the largest screen on an iPhone yet, and both feature an organic light-emitting diode display. ‘We always thought … that if you provide a lot of innovation and a lot of value, there is a segment of people who are willing to pay for it,’ Cook said. ‘For us, it’s a large enough group of people that we can make a reasonable business out of it.'”

MacDailyNews Take: Yup.

We think that regardless of the price tag Apple hangs on iPhone X, they could have charged more.MacDailyNews, September 12, 2017

Read more in the full article here.

MacDailyNews Take: Apple wants to serve everyone. Well, everyone with at least $449 and, hopefully, a bit extra, to pay for services like iCloud storage, Apple Music, etc., of course. Fragmandroid, as usual, can have the unprofitable rest. Apple takes the grain and leave the chaff for Samsung, Huawei, Opportunity, etc.

SEE ALSO:
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Apple’s iPhone X made 5 times the profit of 600 Android OEMs combined – April 18, 2018
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Apple’s App Store is destroying Google Play in services and subscriptions – April 18, 2018
Apple App Store users spent nearly double that of Google Play users in Q417 – January 26, 2018
Bernstein: Google to pay Apple $3 billion this year to remain the default search engine on iPhones and iPads – August 14, 2017
Higher income U.S. states use Apple iPhones; lower income states use Samsung Galaxy phones – September 27, 2016
iOS users are worth 10X more than those who settle for Android – July 27, 2016
Apple’s App Store revenue nearly double that of Google’s Android – April 20, 2016
Poor man’s iPhone: Android on the decline – February 26, 2015
Study: iPhone users are smarter and richer than those who settle for Android phones – January 22, 2015
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IDC data shows two thirds of Android’s 81% smartphone share are cheap junk phones – November 13, 2013
CIRP: Apple iPhone users are younger, richer, and better educated than those who settle for Samsung knockoff phones – August 19, 2013
iPhone users smarter, richer than Android phone users – August 16, 2011