Rumors say Apple could be working on a less expensive iPhone

It looks as if rumors are surfacing, once again, that Apple could be working on a cheaper iPhone that could hit the market as early as the end of this year. According to sources familiar with the matter, Apple has toyed with the idea in the past but ideas of producing an iPhone with a cheaper build are actually progressing this time.

According to a Wall Street Journal report, a cheaper iPhone variant could potentially have a cheaper polycarbonate body and recycled or refurbished iPhone parts, therefore lowering the entry cost.

The cheaper phone could resemble the standard iPhone, with a different, less-expensive body, one of the people said. One possibility Apple has considered is lowering the cost of the device by using a different shell made of polycarbonate plastic; in contrast, the iPhone 5 currently has an aluminum housing. Many other parts could remain the same or be recycled from older iPhone models.

We did get a cheaper iPad variant in the form of the iPad mini this year but iPads are different. The entry level cost of an iPad was $500 for the most current model. The $329 entry price of the iPad mini allows Apple to gain more market share in tablets.

Where the iPhone is concerned, we'd take these rumors with a huge grain of salt. Mainly because there already is a cheaper model iPhone available. Two actually. They're called the iPhone 4 and iPhone 4S. They're great alternatives to the iPhone 5 for those that don't want to dish out the money.

While nothing is impossible, we don't think Apple would skimp on design or build quality when they already offer iPhones at price points that pretty much everyone can afford.

Source: Wall Street Journal