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After. Dawn: News. Like many other smartphone manufacturers, Apple released their quarterly earnings earlier this week. With massive gains on almost all fronts Apple posted more than $1. However, it wasn't i.

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Phone growth was the slowest of any division within Apple. However, the investor call focus a lot on, at the time, upcoming i. Phone X. CNBC noted, that according to CEO Tim Cook the $9. Cook answered a question about the i. Phone X price explaining that Apple doesn't try to charge as high a price as possible "or anything like that", insinuating perhaps that Apple customers would be willing to pay more to get their hands on a revolutionary i. Phone X. According to Cook Apple prices the products based on the value they provide.

To further explain this he reminded that people often pay their devices on a monthly basis which is around $3. According to Cook that's just a few cups of coffee a week at "one of these nice coffee places" or under a cup a day.

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