Apple shocked the world last week when it introduced its new plastic-clad iPhone 5C at the same price as some of its prior metal-clad models, according to Yahoo Finance.
The site reports cheaper iPhones were going to make Apple competitive in the fastest-growing smartphone markets such as China and India, or so everyone thought.
But a cheaper-looking phone at the same old price? Not much help – and Apple’s stock price has dropped 11% since the announcement. What was Apple CEO Tim Cook possibly thinking?
See this story on finance.yahoo.com