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It appears that Burberry will be launching a handset, following a promotional image leaked from a factory in China. The handset appears to be of clamshell design and features the iconic burberry design.
Specs are unknown at this point, though you wouldn't expect the bPhone to be high-end. I'd guess a 2MP camera, bluetooth, and T9 text input, as well as a couple of hundred MB of onboard storage. No release date for now.
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