“Speaking at his company’s shareholders meeting on Thursday, Pegatron CEO T.H. Tung said Apple’s much rumored low cost iPhone won’t be a budget offering,” AppleInsider reports.
“Tung disagreed with rumors that called Apple’s lower-end offering’ cheap,’ saying the ‘price is still high,’ reports the China Times,” AppleInsider reports. “The executive said products currently on the market can carry a number of names, but ‘cheap’ is not one that should be associated with Apple’s less expensive iPhone.”
AppleInsider reports, “The statements appear to confirm previous reports that Pegatron is handling at least a portion of the as-yet-unannounced iPhone’s manufacture. A report in May claimed Pegatron is reportedly preparing to hire some 40,000 workers sometime in the second half of 2013, adding fuel to the low-cost iPhone fire.”
Read more, and see 3D renderings of the so-called “iPhone Lite,” in the full article here.
MacDailyNews Take: As we wrote back on January 9th: “You can bet that if Apple enters the pre-paid phone market in emerging markets, they most certainly will have margins and they will make a profit on each device sold.”
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Analyst: iPhone 5S and new low-cost iPhone expected to debut in early September – April 25, 2013
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