“Charlie Wolf with Needham & Company said in a note to investors on Monday that he believes Apple should introduce an inexpensive iPhone model to address developing markets. But he doesn’t think that will happen anytime soon,” Neil Hughes reports for AppleInsider.
“Wolf believes Apple could have addressed prepaid markets by keeping the iPhone 3GS available at a lower price,” Hughes reports. “Previously, the smartphone first released in 2009 was available for free with a two-year contract, but the iPhone 3GS was replaced by the iPhone 4 last month.”
Hughes reports, “In the predominantly prepaid markets of developing countries, unlocked phones can start at prices as low as $150. Because prepaid markets are now growing faster than traditional postpaid markets like the U.S., Wolf said it’s an “open question” whether the iPhone can continue to gain market share.”
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