The latest rumor about a cheaper iPhone: Apple (AAPL) will be releasing a device featuring less...

|About: Apple Inc. (AAPL)|By:, SA News Editor

The latest rumor about a cheaper iPhone: Apple (AAPL) will be releasing a device featuring less storage and cheaper materials than the iPhone 5, but containing many of the same components. The less costly iPhone will sell for $400 unsubsidized (free when subsidized), compared with the iPhone's typical $600 price. (previously)