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Apple COO Talks Cheap iPhone

The rumors about a cheaper unlocked iPhone 4 have been around for a long time. They first started a few weeks ago when reports stated that an iPhone-mini version was being worked on. these rumors were quickly shot down and now it appears that instead of a smaller version of the iPhone, Apple might just be looking into creating a version of the iPhone that features lower quality hardware and is able to be sold for a cheaper price.

The Apple COO, Tim Cook stated in a recent press event that Apple does not want their products to only be for “the rich,” and confirmed that they are looking to release cheaper versions of their products in order to make them appeal to a larger selection of people. Of course, the rumors of a cheaper version of the iPhone have been all over the net in recent months, but Apple has not really addressed them as directly as they did today.

 

Apple is also looking into expanding into the prepaid market. The moves that Apple was looking to make in the prepaid market was described as “clever,” although Tim Cook did not go any farther with his explanations then that. He also confirmed that Apple was going to be aggressively pursuing the tablet market moving forward, as the demand for those devices has risen substantially over the course of the last few weeks.

 

some have said that they believe that tablets could one day end up being as much as a $100 billion business for Apple, followed by other companies who are releasing devices in the space. With technology moving so quickly, who knows what kind of features could be included with tablets in the future. Watch for more rumors of a cheaper iPhone 4 unlocked and other prepaid plans being released at some point in the near future.

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