Apple Going Frugal? Executive Tim Cook Hints at Cheaper iPhone

During an interview with Bernstein analyst Toni Sacconaghi, Apple COO and acting CEO, Tim Cook, again fueled rumors of a cheaper iPhone.

Cook mentioned that he wanted Apple to be a company “for everyone,” and not “just for the rich.”

If Cook’s words sound familiar, remember that earlier this month rumors abounded about a cheaper iPhone Nano. Is this Apple just having fun with the latest rumors, or is there real truth behind this story?

Now lets not get ahead of ourselves here, the iPhone Nano rumors have been running rampant for years, and nothing ever came about it.

But I have to admit, it’s interesting to hear an executive specifically comment on Apple’s ability to cater to a demographic without a large disposable income.

Cook went on to say that Apple is doing “clever things” (note: cloud storage, anyone?)  in an attempt to get a foot in on the pre-paid market, and that Apple is not “ceding any market.”

This again fuels rumors of a smaller, perhaps more disposable iPhone for the masses. The latest iPhone Nano rumors correlate very well with Cook’s latest comments, and make it evident that it’s only a matter of time before Apple enters the pre-paid market.

Culminating all of the rumors, along Apple’s latest thoughts on the matter, I think it’s safe to say that we will definitely see an iPhone Nano within the next year.

What do you think?

[9 to 5 Mac]