Apple Rumors: Could Cheaper iPhone Be On Its Way?

By Adam Edelman, NEW YORK DAILY NEWS

Credit: Cult of Mac

Apple Rumors: Could Cheaper iPhone Be On Its Way?

March 8, 2013 Updated Mar 8, 2013 at 11:20 AM PDT

Apple Inc. could release two new versions of its wildly popular iPhone as early as August.

One of the two new iterations is slated to be a new and improved iPhone 5S, while the other would be a budget iPhone product, a low-cost phone designed for consumers who can’t typically afford the standard iPhone.

According to Japanese tech blog EMSOne, the unveiling of both will come in August.

The iPhone 5S would be Apple’s new bellwether, replacing the iPhone 5, which came out in September.

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