Cheap iPhone will be a refreshed version of iPhone 5

Cheap iPhone aka Budget iPhone will be a refreshed version of iPhone 5.Instead of adding another iPhone to its line-up the company will modify its current flagship iPhone 5.

image credits:http://weibo.com/graffiti1899

The company will give a colorful touch to iPhone and to reduce the cost of device the body and chasis is entirely made of plastic.While premium iPhone or next generation iPhone looks is almost similar to that of iPhone 5

The sources also said that Apple adopts this strategy to give competition to Samsung's low price Android smartphones.

Cheap iPhone will comes with price tag of $99 on two year contract and $349 for 16GB unlocked version
Refreshed iPhone 5 aka Budget iPhone aka Cheap iPhone and next generation new iPhone will be expected to be announced on September 18.While It is expected that on September 27 it is released in market

Rumor:Cheap iPhone to Cost $349 for 16GB variant

Cheap iPhone or Apple's lower cost iPhone price has been leaked.The device comes with price tag of $349 for 16GB variants while for 32GB variant the price will be $449 while for 64GB the price will be $549

Cheap iPhone is being manufactured by Pegatron and it will come with plastic body and will comes in multicolour options and is similar that of iPhone 5 but having rounded corners.It is mainly targeted for emerging markets like India,China and Brazil.
The prices are according to previous rumors,as in past pegatron chairman said that Apple's next Cheap iPhone is not that much cheaper as you all expected,it will be priced reasonable

It is cleared from past news that Apple is under pressure to release cheaper devices,so as to capture the market share and with this price tag it is almost cleared that device is aimed at mid-range market which is entirely dominated by Android Devices and at this price tag Apple may scale down its Specs sheet but it is still expected that Apple will offer a great design and better user experience

Cheap iPhone(Apple's lower cost iPhone) is expected to be launched in September