Apple's Chief Operating Officer, Tim Cook, recently spoke with Bernstein Research analyst Toni Sacconaghi about Apple's possible plans to introduce cheaper or prepaid iPhones. While Sacconaghi didn't give any exact quotes, he paraphrased a few of Cook's thoughts.
"Tim stopped short of explicitly stating that Apple would pursue a lower price iPhone," Sacconaghi said, but Cook said Apple is "working hard to 'figure out' the prepaid market." According to Sacconaghi, Cook and Apple want to dispel the impression that Apple's products are "just for the rich." Cook also called China "a classic prepaid market," which certainly indicates Apple is interested in pursuing that market.
