Apple plans smaller, cheaper iPhone for customers in developing nations

Apple plans to sell a smaller, cheaper version of the iPhone as soon as this year, said a person familiar with the plans, part of a push to gain customers in developing nations.

Apple, which has been working on a more affordable smartphone since at least February 2011, is weighing retail prices of US$99 to US$149 for a device that would debut later this year, at the earliest, according to the person, who asked not to be named because the negotiations are private. Apple had spoken to at least one of the top US wireless carriers about its plans, the person said.

via Business feed http://www.scmp.com/business/companies/article/1123993/apple-plans-smaller-cheaper-iphone-customers-developing-nations