Apple is working on a cheaper iPhone for Late 2013 release

Apple is arranging to introduce a low-cost version of iPhone which could launch later this year. The cheaper model of iPhone would look like the regular model with a different, low-pricey body. The low-cost iPhone could have a plastic body in place of aluminum body. Other components could remain the similar or be recycled from previous iPhone versions.

The report came from The Wall Street Journal, claims that Apple could down the price by providing a body which charges less the aluminum body on existing versions. Rumors are surfacing that price of the cheaper iPhone, which would be released in late 2013, could vary from $99 to $149. Apple has been mainly interested in launching a cheaper version with less-expensive parts as a technique to request to purchasers in emerging markets.

Apple is working on a cheaper iPhone for Late 2013 release

The latest version of iPhone was launched in September 2012 and was one of the top selling gadgets in the holiday period. Though, iPhone 5 is facing difficulty from low-cost Android and Windows phone powered Smartphone. Android is achieving market share day by day and in the 3rd quarter of 2012, Apple took only 14.6% of the international Smartphone market share, losing from a peak of 23% in the 4th quarter of 2011.

In an attempt to draw purchasers turned off by Apple’s big prices, the low-cost version of iPhone could assist the company to regain its share of Smartphone market.