iPhones Are Priced 'High in the Extreme' But They're Worth It, Says Apple Co-founder Wozniak

An anonymous reader shares a report: Apple's iPhone has been losing ground to domestic competitors in China. That is because Chinese smartphone makers offer sophisticated functions at reasonable prices, according to Steve Wozniak, Apple co-founder and one of the pioneers of the personal computer industry. "Here is what I admire about Chinese phones: really good, intelligent decisions about how to lower the cost but keep enough of the functionality in, because I am into products that are good, well designed, nice looking, but at prices that the average person can afford," he said. Still, Wozniak believes the quality of Apple's product makes it worth the high price tag. "In life I don't believe in quantity as much as I do in quality. So you may not have the hugest share in the market or be the No 1, but you should have the best product you can possibly build and Apple qualifies for that," Wozniak, told reporters after he discussed artificial intelligence with Liu Zihong, chairman and chied executive of Royole, in a technology forum held at Tianan Cyber Park in Dongguan, Guangdong province, on Tuesday. Unlike Chinese smartphone brands that prioritise cost-effectiveness, Apple's popular and more expensive iPhone handsets are still the leader in innovation in certain features despite being more of a "safe product," he said. "Apple products are safe. And Apple's pricing is high in the extreme. It's a safe bet for a lot of people, and when you love Apple you are willing to pay for it," he said.