Eileen Soreng and Neha Alawadhi combine to state the obvious for Reuters. Apple doesn’t build cheap products.
The higher-than-expected price of Apple Inc’s new cheaper iPhone eased worries about gross margins, while arousing concerns the company was not being aggressive enough in its fight against Google Inc’s market-dominating Android operating system.
Since only one of the major Android smartphone makers is actually making a profit, it’s easy to understand why Apple wouldn’t play in that arena. Besides, a higher priced iPhone 5C also means Apple has room to discount.
Competitors do not.