Apple: iPhone Budget must be innovative

Mike Abramsky (Mike Abramsky), a leading analyst RBC Capital Market, decided to share his impressions after a recent meeting with Tim Cook (Tim Cook), chief operating officer of Apple, and Peter Oppenheimer (Peter Oppenheimer), Chief Financial Officer Apple. Judging by what he heard from them, all the talk about the budget the iPhone is not without foundation.

As stated by both the senior representative of Apple, iPhone budget must be innovative and highly competitive. In other words, it must be unique. Apparently, this model will focus on markets such as China and other developing countries. While Apple executives did not confirm that Apple has a plan to release a budget iPhone, they said that the Chinese market has great potential and is of particular interest to Apple. Despite the popularity of smartphones on the platform, Android, Tim Cook and Peter Oppenheimer believes that Apple has some advantages over its competitors. First, Apple is developing not only hardware but also software iPhone. Secondly, this is a unique ecosystem of applications for these mobile devices.

Participants also discussed some other topics, such as gross profit in II quarter of Apple and its plan for normalization of relations with the manufacturers of smartphones on the platform Android, which, according to Apple, have violated some patents owned by it on law.