A cheap iPhone is an oxymoron, or at least Apple had people believe that for a while. That was until Samsung flew to the top of the perch and Android became the de-facto OS for smartphones across the world. The stock market too has shown a lack of confidence in the iPhone maker and the company’s stock has been sliding since September 2012. All of this has fuelled a rumour that the Cupertino-based device and media giant is making a cheaper iPhone targeted specifically at emerging markets like China and India.
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