Analyst: A $330 iPhone could triple Apple’s market in China

But can Apple make a cheap phone that isn't, in Tim Cook's words, "a crappy product"?

FORTUNE -- Adding to the growing literature of sell-side analysts who think the answer to Apple's (AAPL) market valuation woes (down 35% since September) is a low-cost iPhone, Morgan Stanley's Katy Huberty has looked at China, the world's largest smartphone market,...

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