A leak of a plastic iPhone shell confirms that Apple will eventually launch a budget iPhone.
Apple is feeling the pressure now that the market is becoming more saturated with iPhones. Demand for the high-end iPhone 5 has dropped, and the company’s stock value seems to reflect just that. To remedy the bleeding, Apple will launch iPhones targeting frugal consumers as well as emerging markets. Although the budget iPhone is not yet confirmed, a supposed leak of the phone’s shell may be all that is needed to confirm the rumor.
First leaked onto a blog called Tactus, the image of a plastic iPhone shell reveals that a low cost Apple smartphone may very well be Apple’s solution to competing with other budget handset makers.
The current iPhone 5's have price tags ranging from $650 to $1000, but the purported budget iPhone will go for a meager $300. Specifics regarding the low-end iPhone include a 3.5-inch Retina display, an A5 processor, a 5MP rear camera, and various color options. The launch date for the device is expected to happen at the end of 2013 or the beginning of 2014.
Apple stocks have slowly fell below its one time high of over $700, prompting many investors to become anxious as the company’s share dipped below $400 for the first time in months.