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Cheaper Apple iPhone reportedly on the way

Apple is prepping a cheaper iPhone, according to one new report. 

An employee cleans an advertisement plate at an Apple dealership on the eve of iPhone 5's release, in Wuhan, China, on Dec. 13, 2012. A budget iPhone may be on the way.


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Apple, under increasing pressure from competitors, and eager to break into developing markets, is actively working on a less expensive iPhone

That's the word today from The Wall Street Journal, which says the device would likely resemble the boxy iPhone 4 and iPhone 5, but be built out of far cheaper materials. The Journal targets the smart phone for a launch later this year – a timeframe that may mean Apple will release both a new top of the line iPhone and a bargain counterpart at the same time. (If past years are any indication, the successor to the iPhone 5 will launch in the fall of 2013.) 

Apple won't comment on the rumors, but speculation about a cheaper iPhone has been rampant for years now, and the Journal is rarely wrong about this kind of thing. 


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