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News Summary: Apple mulls cheaper iPhone

Updated at: 01/09/2013 7:07 PM
By The Associated Press

APPLE SAUCE: Apple is exploring the possibility of building a cheaper version of its popular iPhone, according to a Wednesday report in The Wall Street Journal.

iPHONES FOR THE MASSES: A less expensive iPhone built from cheaper material than current models might help Apple Inc. sell more devices to less affluent consumers. Prices for the current iPhone start at $649, without a wireless contract commitment.

OR NOT: Apple could introduce the discount iPhone later this year or table the idea for future consideration, as the company has been doing in the past few years.

(Copyright 2013 by The Associated Press. All Rights Reserved.)