Pegatron CEO says entry level iPhone price will be 'still high', easing the shareholders' pain
The so-called "cheap" iPhone that is rumored to arrive from Apple this year, won't be so cheap after all, judging from Pegatron CEO's meeting with shareholders. The assembler is allegedly tasked with producing the millions of plastic, colorful iPhones that are speculated to flood the market alongside the iPhone 5S.
The CEO said that "the price is still high," basically indicating that Apple might do with its entry level iPhone what it did with the iPad mini, skimping mostly on specs rather than design, and pricing it above the competition's offerings.
Therefore those speculations about a $99 iPhone might very well be for the carrier-subsidized units, and those who are expecting the "affordable" iPhone edition to land for the price of a no-name no-frills Android handset, might be in for a surprise, that's not how Apple operates.