New Apple rumors say a less expensive, 8GB iPhone 4 could arrive within weeks. Reports suggest that the model will appeal to lower income families and countries. But what's behind these latest Apple rumors?
While Apple fans await the iPhone 5 (which may launch in early October), Reuters has pulled attention back to the current hardware. Within the next few weeks, Apple will introduce a revised, less expensive version of the iPhone 4, according to the report.
This new model will have 8GB of storage – smaller than the current 16GB and 32GB options – and a reduced price to match. The pared down specs could help Apple target developing countries, where many people aren't ready to spend hundreds on a new phone.
"Apple may want to push into the emerging market segment where customers want to switch to low- to mid-end smartphones from high-end feature phones, which usually cost $150-200," Yuanta Securities analyst Bonnie Chang told Reuters. (The rest of the article relied on unnamed sources). "But I think for an 8GB iPhone 4 the price is hard to go below $200, so Apple will still need a completely new phone with low specifications for the emerging markets."
For a couple years now, Apple has redesigned the iPhone, but kept selling an older model as a budget option. Right now, you can order an iPhone 4 (16 GB) for $199 or double the storage space for $299 – both deals include a two year contract. Or, if you don't need more storage, high-resolution "retina" screen, and a front-facing camera, Apple offers an 8GB iPhone 3GS for $49, again with a contract. Buying an iPhone without a two-year commitment starts at $649, a price that more accurately reflects the true cost of the device.