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.
As per reports, the new iPhone model will look just like the existing iPhone 6 but will have better features.
The Apple Music app will be available starting on June 30 in over 100 countries while the iOS 9 is said to be released for general users in September.
Check out features of the Apple Watch which is scheduled to launched in nine countries soon.
Apple is good but Samsung is better as far the customer satisfaction goes in America.
As per rumours, the so called iPhone 6s mini will be similar to that of the iPhone 5s but would have curved screen edges, similar to the iPhone 6 Plus and the iPhone 6.
The phone was announced way back in 2010 and now has lost traction in most of the developed countries.
Apple iPad Air and iPad Mini with retina display models will go on sale in India from December 7 onwards.
Apple reportedly is planning iPhone models with 4.7 inch and 5.5 inch curved screen.
Apple has pushed the International Service mandate to the Apple Service Providers to offer repairs-replacement for the select iPhone 5s and iPhone 5c models being sold in India.
Both iPhone 5s and iPhone 5c models will come preloaded with the new iOS 7 software update.