Apple: No plans to drop iPhone price

Apple has indicated that it has no plans to drop the price of its iPhone any time soon. Good, because that would make a lot of consumers who just shelled out $500 and $600 quite angry. During Apple's third-quarter fiscal results conference call with analysts, the main subject of discussion was whether Apple planned to expand the product line and offer models substantially less expensive. Apple stayed mum, but defended the current prices. 

But the EDGE/WiFi device was an important topic during a conference call with financial analysts, who wanted to know whether Apple planned to expand the product line and offer models substantially less expensive than the current $500 and $600 products. Timothy D. Cook, chief operating officer for Apple, refused to discuss future plans. Instead, the executive defended the current prices, an indication that no cuts were planned, at least for awhile.

"We believe the iPhone offers tremendous value that customers couldn't have even imagined before," said Timothy Cook, chief operating officer with Apple.  

For more about Apple's comments or lack thereof on the iPhone:
- read this article from InformationWeek

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