Would you buy the new low cost iPhone?

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Apple has finally unveiled its first low-cost handset, dubbed the iPhone 5C, in a highly anticipated event at its headquarters in California on Tuesday.

The iPhone 5C features a plastic casing and is available in a variety of bright colors including green, pink, yellow and blue. It starts at $549 without a contract, and $99 with a two-year contract in the U.S.

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(Read more: Apple goes plastic and colorful with new iPhone line)

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