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At a rumored US$1,400 sale price the coming iPhone 8 likely will test just how much people are willing to pay for a new phone — particularly, how much parents are willing to fork over for their kids. While iPhones once conveyed status and sense of luxury, similar to a brand like Cadillac, pretty much everyone and their brother has iPhones today.
The first few customers who get their hands on the latest model will be envied for about a week — but the phones will be extremely common by the…
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