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Apple to sell 75 million low-cost iPhones next year, says analyst

CNET: A low-cost iPhone could see unit sales of 75 million in 2014, projects Piper Jaffray analyst Gene Munster. In an investors note released today, Munster said he expects Apple to sell a $300 non-subsidized iPhone starting in September. Such a device is likely to trigger a 30 percent cannibalization rate, which means that for every three low-cost iPhones sold, one full-price iPhone is cannibalized.

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