They severely underestimated demand
And and they priced it low expecting not to attract customers away from the flagship phones. This is bad for apple as it lowers their average selling price. I think they thought they would have a small number of sales that was similar to how the 5s was selling. This was a mistake for sure and it shows in their early inventory struggles. Should have priced it higher.
And and they priced it low expecting not to attract customers away from the flagship phones. This is bad for apple as it lowers their average selling price. I think they thought they would have a small number of sales that was similar to how the 5s was selling. This was a mistake for sure and it shows in their early inventory struggles. Should have priced it higher.