As you all know that recently a rumour is floating around the web that Apple is going to release the cheaper version of its already popular smartphone that is iPhone. But as you know rumour is always a rumour when nothing is officially confirmed from the company side.
Now as per the latest reports Apple Executive Phil Schiler who is presently the Senior Vice President of Worldwide Marketing for Apple reveals that company has no plans for making a cheaper version of iPhone which is rumoured to be called by the name iPhone Mini.
As per Phil Schiler “Though Apple’s share of smartphone market is just 20% but it continue to hold 75% of the profit”. This directly indicates that Apple is interested in high priced and quality iPhone instead of rumoured budget iPhone for emerging markets.