Cheaper iPhone may cost between $99 to $149

Apple is possibly looking into a cheaper iPhone, and Bloomberg believes Apple is considering a price range between $99 to $149 for a handset that would hit the market in late 2013. An unnamed source told Bloomberg that Apple has spoken with least one of the giant U.S. wireless carriers about its plans for a less-expensive iPhone. Although, Bloomberg didn’t make it clear whether the price it states includes carrier subsidies.

Apple’s reasoning for moving forward with a cheaper iPhone would be to target customers in emerging markets, according to Bloomberg.

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