Apple confirms it will never make a cheap iPhone

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Apple has confirmed that it will never make a cheap iPhone.

Speaking at Recode’s Code/Mobile conference, Apple product marketing executive Greg Joswiak delivered the bad news that Apple has no intention of chasing the budget market to compete with low-cost Android devices, dismissing speculation that the firm might one day release an affordable iPhone.

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Story added 30. October 2014, content source with full text you can find at link above.