A plastic iPhone that would cost roughly half the price of the standard Apple smartphone will be launched soon to target young, middle class consumers in countries like China and India.
According to Japanese website, Macotakara, the budget version of Apple's latest iPhone will cost roughly $330.
In January it was reported that the planned new phone will resemble the iPhone 5 from the front, but Apple will replace that handset's aluminium body with a cheaper plastic casing, the Telegraph reports.
Jeremy Horwitz, of iLounge, claimed that "reliable sources" told him the new device will have a "retina" display and feature Apple's new lighting connector for charging and syncing.
Horwitz wrote that according to a source, Apple's iPhone remain too high for most mainland Chinese customers, the iPhone 5 hardware alone starts at $849 there, versus the iPhone 4 at $500, in a country where the average annual salary is around $3,000 per person.
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