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Apple recently announced their new lineup of smartphones including the IPhone 15 including new features such as USB Type-C charging. Their new lineup of recently

Apple recently announced their new lineup of smartphones including the IPhone 15 including new features such as USB Type-C charging. Their new lineup of recently announced phones possess a unit margin of $30 while the previous generation of phones has a unit margin of $50. Furthermore, Apple anticipates their new models to cannibalize sales of the older models. What will the Break Even Cannibalization Rate be as a result (as a percent)

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