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Fortune's Seth Weintraub writes that smartphone chip manufacturers are preparing to unleash components that will bring smartphone prices down below $100. Broadcom Corp., for example, has designed an affordable smartphone chipset, specifically for use in Android devices.

"To be clear," Weintraub writes, "That sub $100 price is not the cost of materials, it is the suggested retail price after the manufacturers (and carriers) have taken their profits."

Chinese and Indian markets, where smartphones are far less prevalent than in the Unites States, could see a sudden rise in the popularity of smartphone handsets, especially Android devices.