Smaller iPhone expected Monday as Apple counters drop in phone sales

By Julia Love SAN FRANCISCO (Reuters) - Apple Inc is expected to launch a smaller, cheaper iPhone on Monday aimed at emerging markets and possibly China, the world's biggest buyer of smartphones, as it looks to reverse a decline in worldwide sales of its most important product. The launch of such a phone - expected to be called the iPhone SE - would represent Apple's second bid for the crowded mid-tier market after an unsuccessful foray three years ago. "The iPhone SE provides a new incentive to