CNET reports that Apple suppliers have been shipping parts for a low-cost iPhone. A low-cost iPhone may make financial sense for Apple. Rather than move the iPhone 4S down to the free-when-subsidized position, they could simplify production and unify products with a lower-cost phone by using a similar screen size and lightning connector rather than the 30-pin connector currently in the iPhone 4S.
Picture Source: 9to5mac
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