The iPhone has become a status symbol in much of the developing world. But smartphones and their next of kin, media tablets, are falling in price as low-cost Chinese developers gain ground. That means cheaper mobile devices in countries that find the high end too expensive.
Smartphones such as the iPhone, the Blackberry and Samsung’s Galaxy series have sold handily for years in developed markets. Another 875 million are expected to ship this year.
Consumers in developed countries may pay …
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