New iPhone rumors emerge; A cheaper iPhone in the works?

If a recent report from The Wall Street Journal is to be believed, Apple may be planning to release a less-expensive iPhone.Screen Shot 2013-01-09 at 12.29.33 PM

The report states that Apple is working on a “lower-end iPhone” that could launch as soon as later this year. It is speculated that the phone would sport a look similar to that of the standard iPhone, but will have a less-expensive body.

Judging by what Apple did with the iPad mini, Apple might build a smaller iPhone with specs of the last generations flagship model.

A cheaper iPhone seems to be the need of the hour as Apple is facing intense competition from all all fronts from handset manufacturers running Google’s Android OS. If these rumors are true, then Apple could certainly widen its user base and give mid-range android Smartphones a run for their money.

Apple has declined to comment on these speculations as of now.

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