Apple Reportedly Set to Unveil Latest iPhone This Summer

apple iphone summer launch
John Moore/Getty Images The iPhone 5 on display at a T-Mobile press event on March 26. Apple is likely to launch its next iPhone this summer, a report says.
NEW YORK -- The Wall Street Journal says Apple is set for a possible summer launch of the next iPhone, rather than a fall launch like the last two models.

Apple Inc. (AAPL) is also working on a cheaper iPhone model that could win it some market share in developing countries, the paper says. It cited unnamed people "familiar with the device's production."

The report is in line with the expectations of company watchers and Wall Street analysts. The iPhone 5 costs around $600, and while Apple maintains older iPhones in production, even those aren't cheap enough to compete effectively against low-end smartphones running Google Inc.'s (GOOG) Android software.

Apple doesn't comment on future products before its launch events.


Increase your money and finance knowledge from home

What is Inflation?

Why do prices go up?

View Course »

How to Avoid Financial Scams

Avoid getting duped by financial scams.

View Course »

Add a Comment

*0 / 3000 Character Maximum

2 Comments

Filter by:
cathi.dennis

Who cares...they add a bell or whistle and everyone goes and spends hundreds on the thing. Duh that is just dumb....

April 03 2013 at 1:31 PM Report abuse rate up rate down Reply
teedee911

Another iPhone? Let folks toy with the iPhone 5 for a bit.......

April 03 2013 at 12:43 PM Report abuse rate up rate down Reply