Jobs: The iPhone is Apple's netbook
Apple Inc. has no imminent plans to compete in the growing market for "netbooks," the small, inexpensive laptops that accounted for 5% of all U.S. notebook sales last quarter, CEO Steve Jobs said Tuesday.
But the company already participates in the category, Jobs argued, citing Apple's iPhone and iPod Touch as devices that have much of the same functionality as the ultra-light, low-cost notebooks.
"We choose to be in certain segments of the market and we choose not to be in certain segments of the market," Jobs said during a Tuesday conference call with Wall Street analysts that highlighted its fiscal fourth quarter earnings. Jobs was responding to a question about whether, and when, Apple would enter the netbook market.
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