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Low Cost iPhone: Apple – The Death of a Rumor

Low Cost iPhone: There is no denying the fact that Apple Inc. (NASDAQ:AAPL) rumors are always spreading wide and fast. From new products to new pricing, you never know what you are going to come across.

Apple Inc (AAPL)With all that in mind, one of the most popular Apple rumors of all time has to be that the company is going to release a cheaper iPhone to the public. This is something that people have been talking about for quite some time. On top of this, it is something that a lot of consumers and Apple Inc. (NASDAQ:AAPL) investors are hoping to see at some point in the near future.

We have covered this rumor in the past, both here and here.

Now, it appears that we are getting closer than ever to actually finding out if this will come true.

Suppliers with close ties to Apple believe that the Cupertino-based company is planning to launch a cheaper version of the smartphone along with its new iPhone 5S sometime this summer.

This news is being reported by numerous outlets, including AppleInsider.

It appears that Brian White of Topeka Capital Markets is at the center of the rumor. He recently attended a trade show in China, giving him the chance to speak with suppliers and to get a better idea of what the future may hold.

Here is more from AppleInsider:

“The claims made by White in a note to investors on Friday contrast with those from Ming-Chi Kuo of KGI Securities, a well-connected insider who reported to AppleInsider on Thursday that Apple is likely to face production problems with its so-called “iPhone 5S,” leading to a launch later than June. Specifically, he believes that the device will include a fingerprint sensor embedded below the home button, which will pose a number of technical challenges for the company.”

Like all rumors, there are always two sides. White feels that a cheaper iPhone from Apple Inc. (NASDAQ:AAPL) is coming, but other analysts are not as convinced.

Along with a cheaper version of its popular iPhone, White feels that Apple will launch a model with a bigger display in the future.

If you enjoy following every move that Apple Inc. (NASDAQ:AAPL) makes, you know that these rumors will never come to an end. In the months to come, talks of a cheaper iPhone are sure to heat up. Do you believe that all the talk will result in this phone becoming reality?

Here’s an exclusive look at Apple’s 15 most mind-blowing patents –>

Check back here for more updates on Low Cost iPhone.

DISCLOSURE: I have no positions in any stock mentioned.

For more news stories, visit these pages:

Now We Know Why Julian Robertson Sold Apple Earlier This Year

Billionaire Mario Gabelli’s Apple Warning

Why Apple’s Dirt-Cheap At $490 A Share

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