The Wall Street Journal, along with other media outlets, have confirmed that they too have heard that Apple is working on a cheaper version of the IPhone.
The cheaper IPhone will be made from cheaper parts and may resemble the latest IPhone 5 with a less-expensive body made from polycarbonate plastic, or from recycled materials from older versions of the IPhone. Taking this step can help Apple pick up sales in emerging markets where people's income is not as high and lower cost Android models are widely available. According to the WSJ's report, Apple has been developing this cheaper iPhone for a while now, but could not decide how to move forward with the device.
A less-cost iPhone risks narrowing Apple's profit margins, which executives have would hate to sacrifice. Even small changes in margins often sway investors.
Is Apple getting desperate to stay on top? This contributor thinks so...
-Alex Pardo - Geekstrap'd Contributor
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