Extract . . .
Apple could be developing a budget iPhone in order to ward off competition from Google Android handsets. A prototype version of a smaller, cheaper Apple handset than the iPhone 4 is said to exist, although this is no guarantee such an iPhone will ever make it to market.
Read more here:
http://www.techradar.com/news/phone-and-communications/rumour-iphone-nano-being-developed-by-apple-927923
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