Suppliers and vendors in China are buzzing about Apple releasing a lower-priced, plastic smartphone in July, and according to another analyst report that supports the rumors, the device could sell for $350 to $400.
Topeka Capital Markets analyst Brian White wrote that he attended a technology trade show in China and spoke with companies that worked with Apple.
His report mirrored an earlier analyst report that Apple will announce the lower-priced iPhone and the iPhone 5S at the same time in June and then release the products in July. White's report included some pricing details as well.
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