February 28, 2011

Apple Working on Lower Priced iPhone Says COO Tim Cook

In an interview with Bernstein Research analyst Toni Sacconaghi, Apple executives COO Tim Cook, CFO Peter Oppenheimer and VP Eddy Cue talked about iPhone, iPad and market expansion. Cook was very happy with the iPhone growth and the halo effect it brings for other Apple products calling iPhone “the mother of all halos”. The most interesting part of the interview was Cook confirming Apple’s plans for a lower priced iPhone. The analyst wrote:
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