Cook says there is room for more Apple iPhone growth

Speaking at the Goldman Sachs Technology and Internet Conference on Tuesday, Apple CEO Tim Cook said that despite the wide spread availability of the Apple iPhone, there is plenty of room for growth. "It may surprise you, but iPhone is only available to about 50-percent of the subscribers in the world," said the executive.

Cook pointed out China as one area where the Apple iPhone has made some great strides, but has a long way to go. In other emerging markets, the device faces competition from cheaper Android models, which makes us wonder if Cook's comments are being done to plant the seeds for a cheaper version of the iPhone, expected to be made of plastic and launched this year at a price of $250-$300 off contract.

source: Slashgear