A Bloomberg article was provided with information, which I surmised to be an orchestrated leak from Apple, that Apple is or was working on a $200 iPhone.
Is that something that Apple can truly do? Upon reading the article and knowing about how protective investors are about margins, I had my initial doubts.
And as the day went along, things began turning in my head that made me think that perhaps, there is something to this after all.
I'll give up a couple of clues: payments, there's already a $200 iPhone of sort, and billions of cash in the bank.
I'll get back to you later in the day and see if we come up with the same conclusion.
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