“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.”
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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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