Thursday, March 01, 2007

$499 phone to fly off shelves, Apple says: Business & Technology: The Seattle Times

 Should be simpler than, say, establishing a trillion-dollar Newton business...

Apple predicted that 10 million customers will pay at least $499 to buy an iPhone next year because they realize most free mobile phones are worthless.

"A lot of people pay zero for the cellphone. Guess why? That's what it's worth," Apple Chief Operating Officer Timothy Cook said Wednesday at a conference in Las Vegas. Some wireless providers win customers by offering phones that lack the latest features free with service contracts.

Source: $499 phone to fly off shelves, Apple says: Business & Technology: The Seattle Times

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