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No cheap iPhone from Apple?

image [From Stephen Trew] I thought those rumours were bogus. It’s unlike Apple to respond to a rumour though. This must have touched a nerve. “In an interview with China’s Shanghai Evening News, Apple’s Senior Vice President of Marketing Phil Schiller insists that his company is not planning to develop a ‘cheap’ consumer phone. “Despite the popularity of cheap smartphones [in China], this will never be the future of Apple’s products,” the executive reportedly said, according to a translation from The Next Web.”