Report: Apple to introduce cheaper iPhone
Apple may be working on a cheaper, smaller iPhone on track for a midyear release, according to a Thursday report from Bloomberg that offered a glimpse into what may be going on in the company's development labs.
The company has reportedly considered offering the new handset for $200 without a two-year contract, about the same as its lowest contract phone when subsidized by carriers AT&T and Verizon. That kind of move, Charlie Wolf, an analyst at Needham & Co. in New York, told Bloomberg, would let Apple drastically increase its target market for the iPhone.
The handset is reportedly about one-third smaller than the current iPhone and uses many of the same components. The lower price is possible because the costs of the components will drop as the technology ages.
The company may also launch a dual-core phone to work on both the international GSM network used by AT&T and the Verizon CDMA network.
Apple has not responded to other organizations' requests for comment.
All of that would be great news for Apple fans, though, as Bloomberg points out, many Apple concepts never make it to launch.
Do you think there's a market for a smaller, cheaper iPhone? Or are you experiencing iPhone overload?
| February 11, 2011; 8:13 AM ET
Categories: Apple, Gadgets, Mobile
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