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Apple Needs a New Product, Not Just an Updated iPhone

NEW YORK (TheStreet) -- Shares of Apple (AAPL) were slightly higher in early afternoon trading on Tuesday, the day after The Wall Street Journal reported that it was testing 10 different prototypes for the iPhone 8. The new phone model is expected to be released in 2017, the iPhone's 10th anniversary.

Some possibilities include a curved screen, glass casing or an edge-to-edge screen, according to the Journal.

Apple is coming out with this product because it needs to reinvent itself, said Fox...