1 Reason Apple Inc. (AAPL) Needs an iPhone for the Rest of the World

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You could argue that Apple sells high-end products and it’s not willing to sacrifice quality in order to expand its market share, but there are ways to create an economical iPhone. Apple made cheaper iPods after the popularity of the device took off. The company also just released a smaller, cheaper version of the iPad. The same efforts could (and should) be applied to the iPhone.

There have been rumors about a smaller and cheaper iPhone for years, and it’s just like Apple to appear to ignore a market and then release a dynamite product that leapfrogs the company ahead of its competition. So investors shouldn’t be worried quite yet that Apple hasn’t released a cheaper iPhone, but they should be looking for it. The rest of the world is already (and will continue) buying inexpensive smartphones. It’s time for Apple to offer them a new alternative.

The article 1 Reason Apple Needs an iPhone for the Rest of the World originally appeared on Fool.com and is written by Chris Neiger.

Chris Neiger has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple and Google.

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