We believe that Apple will eventually introduce a low-priced iPhone or slash the price of older iPhone models (such as the iPhone 3GS) which will act as a low-cost iPhone for emerging markets.
Exxon has long led the oil majors in investment in research and technology, keeping up such work even when the oil price collapse of the late 1990s led rivals to slash funding.
Schwab Funds announced today that it has lowered fees for all of its 15 proprietary ETFs, continuing the price war in exchange traded products that has seen companies like Vanguard and BlackRock slash fees in 2012.