The cheapest Apple iPhone may come for about just $350 (about Rs 15,500) by the end of August this year and will be for the prepaid users, a website has reported.
For quite some time, Apple has been looking to increase its customer base, as earlier it used to concentrate only on niche users. Apple realises the prepaid market is large one which it should not miss.
Currently, the Android platform from Google is quickly closing the gap between itself and Apple’s iOS, by getting Android handsets released in a larger price band including low end Android handsets. In the low end handset segment, Apple is not present yet the new iPhone is likely to fill that space.
The report was not clear about the design of the new iPhone though it said the cheaper iPhone is likely to be iPhone 3GS. It also said even when the iPhone 5 arrives, Apple is likely to continue selling iPhone 4, which will mean the company will have the complete range of all three — low end, mid level and high end phones in its stable.