China Mobile confirms multimillion unit orders for the Apple iPhone; Apple CEO Cook "optimistic"
This eliminates much of the concern from analysts who have worried that the low number of preorders in the first few days the iPhone could be reserved, signified disinterest on the part of China Mobile subscribers. And there is some legitimate worry that with a 16GB Apple iPhone 5s and a similarly endowed Apple iPhone 5c priced at 5,288 yuan ($870 USD) and 4,488 yuan ($738 USD) respectively, Apple will have its lunch eaten by low end Chinese made models.
But don't expect Apple to change its pricing or to aim for the low end with a new model. CEO Tim Cook said at a media briefing on Tuesday, "Apple has always been about making the best products, not the most products, so that's always our North Star and that's not going to change ever." Cook also pointed out that half a million developers in the U.S. are writing apps for iOS. But that was sort of a random stat thrown out on a day when the topic was the cooperation between China Mobile and Apple. "We've gotten to know each other....today is a beginning, and I think there are lots more things our companies can do together in the future," said Cook. Did someone say "Apple iPad"?