Apple Working on a Less-Expensive iPhone

Sources say Apple is working on a lower-end iPhone, which could launch as soon as later this year. The cheaper phone could resemble the standard iPhone, with a different, less-expensive body, one of the sources says.

According to Wall Street Journal, the Apple possibly recycle specs from older iPhone models and using a different shell made of polycarbonate plastic; in contrast, iPhone 5 currently has an aluminum housing.

Any such device would certainly represent a major shift in Apple’s product strategy; Cupertino currently offers the iPhone 4 for free with a two-year contract, but doesn’t have any inexpensive unlocked phones — a major hole in its lineup for several global markets.

The cost for this low-cost iPhone expected to be between $99 and $149.

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