Report: Apple To Use Qualcomm’s Snapdragon Chips For Low-Cost iPhone
                              While Apple sells previous generation iPhones at reduced prices, the off-contract price is still too high compared to low-end Android phones, which dominate the smartphone market in developing countries, where there’s a huge scope of growth.
So it has been widely speculated that Apple will launch a low-priced iPhone to compete with low-end Android  smartphones.  
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