ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Speaking candidly at an event on Tuesday, Forstall told how Jobs was driven on to create the device after growing tired of a loudmouth executive at Microsoft.

Detailed explanation-2: -Jobs famously described the ‌iPhone‌ as an iPod with touch controls, a phone, and a breakthrough internet communications device, three distinct areas that no device at the time managed to tackle all at once. The original ‌iPhone‌ had a 3.5-inch LCD display, a 2-megapixel camera, and an aluminum and plastic body.

Detailed explanation-3: -Apple’s target audience consists of middle-class and upper-class users who can pay higher for products that provide them with an incredible user experience. This means that these users have a higher disposable income and are willing to pay more for as high-priced products as Apple’s.

Detailed explanation-4: -Ever since Apple Inc. introduced the first generation iPhone in January 2007, the company’s product strategy has been clear: Design a high-end smartphone in which the user experience is more important than making a slew of features available.