If you have always dreamt of owning an iPhone, but could not afford to, it's time your dreams might come true! Apple Inc is considering coming out with a cheaper version of the hugely popular iPhone. They are working on the development of a cheaper model, but it is a possibility that they may decide otherwise if the project seems unviable.
The way Apple Inc is hoping to cut costs is by replacing the traditional Aluminium housing with a Plycarbonate plastic body. Other parts of the cheaper phone may also be recycled from older iPhones. Apple Inc is under great pressure to reduce the prices of its iPhone in order to remain competitive. It's competitor Samsung is constantly coming out with new models of phones that are just as good and much cheaper.