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Apple says they will continue making expensive smartphones

Apple says it is interested in continuing to create high quality products, and believes consumers will be willing to pay more for them. Although this limits sales of the iPhone to a wealthier demographic, Apple does not plan on releasing a less expensive version of its products any time in the near future.

An interesting statistic Apple pointed out to the interviewer was that iOS developers have made a total of approximately $4 billion, and $700 million in the fourth quarter of 2011.

Apple more interested in quality than low prices

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