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Apple readying "media pad" and "iPhone lite" for launch soon
arstechnica.com — Apple is preparing to launch not one, but two new devices according to a new rumor, one of which could be coming as early as this summer. The sources claim that one device is a smaller, cheaper iPhone while the other is a "media pad" that could let users watch HD video, listen to music, and do other fun, touchscreeny things.
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