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July 24, 2013 01:04 am GMT

Apple's Average Selling Price On iPhones In Q3 Suggest Promotions Are Moving Devices, Older Models Popular

iPhone4s_3up_Photo_Siri_SprgbdApple's quarterly results are up, and the one thing that many of the financial big brains are paying attention to is the average selling price of the iPhone: It currently sits at around $580, compared to $613 last quarter, which is a big change sequentially. There's a couple of reasons that could be happening, and they aren't necessarily bad for Apple.

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