Thursday, September 12, 2013

Apple Inc. (AAPL) iPhone 5C is clueless, says Fred Wilson


He writes, “The C in 5C does not mean ‘cheap’ as I had hoped. It means clueless, as in clueless about how the vast majority of new smartphone users are paying for their phones”. Actually, iPhone 5C is not cheap. With a contract, it costs only $99 in the U.S., 450$ higher than without one. However, outside the U.S., contracts are much less common. It they want to own an iPhone 5C, they have to pay &700, almost 7 times of a contract phone.

So Fred Wilson says c stands for clueless and it is with same functions but higher price.

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