Religion does not allow Apple to release cheap iPhone

Speaking at the Goldman Sachs high-tech and Internet conference, Apple CEO Tim Cook said that, despite widespread adoption, the iPhone has plenty of room for growth. “It may surprise you, but the iPhone is only available to half of subscribers worldwide,” he told investors.

Mr Cook emphasized the great importance of China to Apple. This may mean that, according to Apple, other developing countries are not able to digest the prices on the iPhone. All because of cheap Android-smartphones, flooded the market.

Cook commented on rumors about Apple’s plans to launch a cheap iPhone for emerging markets like this:

“We will never release a lousy product. Our religion is to do outstanding things. ”

Source: phonearena.com, venturebeat.com

The article is based on materials https://hi-news.ru/phone/religiya-ne-pozvolyaet-apple-vypustit-deshevyj-iphone.html.