Polish airline LOT has cancelled one trans-Atlantic flight and postponed another after technical problems on two of its Boeing 787 planes. Apple's plan to release a budget iPhone is clearly fraught ... more 
Polish airline LOT has cancelled one trans-Atlantic flight and postponed another after technical problems on two of its Boeing 787 planes. Apple's plan to release a budget iPhone is clearly fraught with peril for the company: It needs to make sure that it gets an affordable device out to consumers in emerging markets without sacrificing too much of the profit margins that have made it one of the most profitable companies in world history. Barron's points us to a new research note from?UBS analyst Steve Milunovich, who outlines in detail why making a cheaper iPhone is really a risk for Apple's traditional business model. In particular,?Milunovich thinks that by going "down market," Apple will be well outside its comfort zone as a premium brand. Microsoft's Xbox One console will hit Japanese store shelves in 2014. Speaking in an interview with gaming site 4 Gamer, Microsoft Japan President Yasuyuki Higuchi said that the Japanese market is considered "tier 2" by Microsoft, and thus, will not receive the Xbox One until next year. less 
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Wochit
Thu, Jul 4, 2013 11:55 AM EDT