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Apple (NASDAQ:AAPL): Current price $517.76
Apple is developing a less expensive iPhone, said a Wall Street Journal report on Tuesday. Although it is not at all clear what the price of a device fitting that criterion might be, if it does launch, the question showcases a reality that the company faces, namely the high cost of the iPhone globally. One possible solution is that Apple has reached arrangements with certain carriers that will subsidize a portion or all of the bill, a plan that is especially seen in the United States and in parts of Europe. Models more than a year old are even out of the budgets of many customers, hence an even cheaper iPhone.
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