Tim Cook has commented on speculation that a budget iPhone is in the works.
The Apple CEO told the Wall Street Journal that the company are looking into ways to make their device “more affordable”, though he refused to confirm or deny the rumours of a cheaper iPhone.
“We are making moves to make things more affordable. When we came out with iPod it was $399; today you can buy an iPod Shuffle for $49. Instead of saying how can we cheapen this iPod to get it lower, we said how can we do a great product, and we were able to do that. The same thing, but in a different concept, in some ways.”
Source: Wall Street Journal