The latest news coming out of Korea is that Apple is busy having two new smartphones manufactured. The first is a cheap model of the iPhone 4 that will only include 8GB of on-board storage. Coupled with iOS 5 and iCloud it makes sense that Apple can get away with less local storage to save on costs. It also offers the company a way to target other markets that can’t afford the higher price of the older iPhone 4 models.
It is expected this new, cheap model could be offered for $150.
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