Apple opts for profit over market share with not-so-cheap iPhone

By Eileen Soreng and Neha Alawadhi (Reuters) - The higher-than-expected price of Apple Inc's new cheaper iPhone eased worries about gross margins, while arousing concerns the company was not being aggressive enough in its fight against Google Inc's market-dominating Android operating system. Apple's shares were down about 5.6 percent at $467.24 in early trading on Wednesday, a day after it unveiled the 5S, a high-end iPhone with a fingerprint scanner as well as a cheaper 5C model targeted at emerging markets. "... ...

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