apple working on cheaper iphone: report - polycarbonate plastic
According to a report by the Wall Street Journal on Tuesday, Apple is working on a cheaper popular iPhone that could be released this year.
The report quoted anonymous sources as saying the device may be similar to an existing iPhone, but may use cheaper materials such as a shell made of polycarbonate plastic.
Apple may decide not to move on to a lower level.
The report says the iPhone is over.
The product will be the first time Apple has diversified different models of smartphones since the iPhone was launched in 2007.
The company is under pressure from rival smartphones
Products from manufacturers such as Samsung Electronics Co. , Ltd. use Google's Android operating system.
Apple declined to comment on the report.
Apple shares closed Tuesday at $525.
We dropped 25.
52-5% from them.
A weekly high of $705. September, 07.