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Apple (NASDAQ:AAPL): Current price $448.77

Apple has now patented an iPhone without a home button, which is believed to be the anticipated cheaper version of the successful smartphone. According to the United States Patent & Trademark Office filing, the device will be made out of a “clear plastic body.” The patent describes the product as “A portable device which has a rear facing camera assembly and a front facing display assembly that includes at least a protective cover layer, a display stack that includes a plurality of display components arranged in a plurality of interconnected layers, the display stack providing an imaging service, and a flat support chassis arranged to provide support for the display stack.”

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