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Did Apple Just Kiss the High End Goodbye?

The following video is from Tuesday's Investor Beat, in which host Chris Hill and analysts Mike Olsen and David Meier dissect the hardest-hitting investing stories of the day.

Apple's (NASDAQ: AAPL  ) much-awaited media event was held today, at which it announced both its next-generation iPhone 5S and its lower-cost model, the new iPhone 5C. But does making a lower-cost model eat into Apple's high-end brand? Was this a concession that Apple can no longer compete with Android phones that are available at several price points? In our lead story on Investor Beat, Mike and David discuss Apple's latest move.

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  • Report this Comment On September 10, 2013, at 8:01 PM, spakklal wrote:

    iPhone is not cheap and david olsen should know that Apple makes 70% of the profits on smartphones. I think david olsen spoke in a very dumb manner regarding Apple's Price. Apple sold 90 Billion worth of smartphones in 12 months and made approx 30 billion net profit on the iphones in the last 12 months. I don't know how can you get a dumb guy like olsen to be in a panel to talk about stocks.

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