Even if this news comes out it may not be news that is why I am posting
I originally but in 2.00 area bought more Nok within two days. So Cook is in China this week. Yesterday they announced a cheaper phone and it may be an attempt to tell China's largest carrier that they can make a cheap China Mobile's TD-SCDMA cellular standard compatible phone. Nok has the deal with China's largest carrier now. So you know wall street. Anyway I have worker 18-20 years olds tech saavy college students. I pay for their phones and I could not give them an Iphone because they did not want one. They did not want lumia's at first either. One saw a lumia and now she wants it. They wanted Nokia n8 runs Symbion with 12 mp camera. So Cook should worry more about the fake apple stores and clone makers who self proclaimed ceo says he is Steve Jobs reborn. Really that is a whole separate story. Anyway, even if they make the deal with China's largest carrier so what. Att sells both iphones and noks. It is not the end of the world and you are wrong if you think they love apple in china. Some do not all. Windows 8 is loved in China. So even if the news comes out it is not news in my opinion. I am long qqq holds app, msft & nok. I don't want apple or nok to drop. I am not a basher but an investor.
So yesterdays drop may have been Apple ceo is in China and they announce they are trying to make lower cost devices. Even if they give the old iphones away for free it may not work. They still do not have a device that is compatible with China's largest carrier at this moment.