Apple’s ‘cheaper’ iPhone 5C: What the analysts are saying

Nobody failed to see the elephant in the room.

FORTUNE -- In most regards, Apple's (AAPL) iPhone special event Tuesday "met expectations," to use a phrase that appeared in a lot of the analysts' reports.

The big surprise was the unsubsidized price of the iPhone 5C.

Most analysts expected a "cheaper" iPhone priced for sale in China and other...

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