Low-cost iPhone heading to emerging markets this year

Apple plans to launch a new iPhone version designed exclusively for China and emerging markets that could be available in the second half of 2013.

The company is working on an iPhone for China and emerging markets that would launch in the second half of 2013, reports citing unnamed sources in Apple's supply chain. Those sources say that the iPhone will have a large display, but will come with a revamped design and be much cheaper than the company's current handset.


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