14 DAY TRIAL // The Cupertino, California-based Apple Inc. reportedly plans to expand iPhone sales in emerging markets where the company has not yet made a significant impact, according to a new report.
Citing Jefferies analyst Peter Misek, AppleInsider reports that Apple would continue to produce the iPhone 3GS, reprice it between $250 and $300, and then sell it without a subsidy in “emerging markets.”
Normally, the oldest iPhone bites the dust when a new iteration comes out. The iPhone 4 would normally take the place of the iPhone 3GS as this year’s entry-level smartphone, but not according to Misek.
Claims made by Apple CEO Tim Cook last October seem to support this theory. The Apple boss said the prepaid market was “very, very important" to his company, and made an example out of the iPhone 3GS.