To gain market share in cost-sensitive markets like India and China, Apple is planning this move, predicts Strategy Analytics.
"We think Apple will have to launch an 'iPhone Mini' at some point over the next three years to address the hundreds of millions of prepaid users worldwide that cannot afford the current iPhone," Neil Mawston, executive director at Strategy Analytics, quoted as saying by Reuters.
Apple is expected to launch a newer version of iPhone, probably the rumoured iPhone 5S, soon. According to reports, Apple is also mulling to launch this handset in different display sizes out of which one could be the iPhone Mini which will be priced very affordably that would make it attractive in cost-sensitive markets like India and China, where Apple till now has little presence.
Apple also believed to ignore such cost-sensitive markets because of the price factor of its handsets. So it is palpable that Apple wanting to come up with a low cost iPhone to counter Samsung's advances, which last year become the No 1 smartphone maker in the world.
The Apple iPhone 5se is said to come in two variants.
Reportedly, the purported Apple iPhone 5SE will come in two storage variants.
A new version of Apple Watch may come with minor changes such as addition of a FaceTime camera.
As per a Chinese analyst, Apple will name its rumoured 4 inch iPhone as iPhone 5e.
Apple is also reportedly planning to ditch the 3.5 mm jack and instead it is planning to arm its future iPhones with wireless headphone.
Apple iPhone 5S was launched back in 2013 and is available for as low as Rs 20,998.
The costliest model of Apple iPad Pro is said to cost Rs 91,900.
Earlier this year, Apple had not launched the successor of its iPhone 5C.
Speculations are also rife about a 4 inch smartphone in iPhone C series to make its debut alongside the next Apple flagship smartphone next year.
Not only Apple Watch coming to India after a delay of almost six months but reportedly it will also cost about Rs 14,000 more than its price in the USA.