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There is an alarming stream of hints about just how much price pressure the smartphone market is now facing. China's Xiaomi racked up 7 M reservations for its new, outrageously cheap Android phone when it debuted in August. The model offers a 4.7 inch screen and a 8 MP camera, but is priced at just $130. It is the emblem of the new avalanche of cheapo Android models that Google is using to clobber Apple in emerging markets. It is quite likely that Nokia's shockingly early decision to sell its ha...
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