Apple to Announce iPhone 5C, 5S Today

Apple Inc. is expected to unveil iPhone 5C, a cheaper version of its iconic phone available in several colors, alongside the latest high-end phone, widely referred to as the iPhone 5S, at an event Tuesday at its corporate campus in Cupertino, Calif.

With the iPhone 5S, Apple is trying to beat back rivals like Samsung Electronics Co. Ltd. and Huawei Technologies Co. Ltd. in markets like India and China, where it is fast losing ground.

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