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“Low cost” iPhone is indeed set to be released later this year according to a reliable
source. This is in relation with the reports that Apple has three different phones in
development.

Since early January rumors have been circulating about a cheaper iPhone that will be
possibly called as “iPhone 5S” or “iPhone 6”. The rumors began when a lot of reports
from supply chain sources and even major US news sites like The Wall Street Journal
and Bloomberg had an eye about the new iPhone development. The development is
said to be targeted towards lower-income, emerging markets like China and India.

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