TightWind is written by Kyle Baxter. Stay Hungry. Stay Foolish.

Here’s Phil Schiller on the “Apple targets the high-end of the market” thinking:

I noted that for years, pundits thought Apple would, or at least should, start making much cheaper Macs. I said that drumbeat seems to have come and gone, and asked Schiller if everyone finally understood that Apple was content with its strategy of sticking with the high end of the market.

“Our approach at Apple has always been to make products we’re proud to own and use ourselves,” he told me. “…We wouldn’t make something cheap or low quality. When the economy is difficult, people care a great deal about the things they spend their money on. Customers have come to understand that Apple’s products aren’t priced high — they’re priced on the value of what we build into them.”

Useful to keep that in mind when thinking about the iPad Mini.