Report: Apple to release updated phone this summer

Report: Apple to release updated phone this summer

AUCKLAND, NEW ZEALAND - SEPTEMBER 28: The new iPhone 5 is launched on September 27, 2012 in Auckland, New Zealand. Telecom, with help of rugby great Jonah Lomu, launched the much-anticipated Apple iPhone 5 last night in Auckland. Jonah was joined by Opshop frontman and New Zealand's Got Talent judge, Jason Kerrison in Wellington via live feed between the two cities. Auckland, Wellington and Christchurch stores opened their doors at 12.01am to eager customers, some waiting since 8am the previous morning. Customers were offered a 'luxury' cueing experience at the Victoria Street West store, with the iPhone officially available for sale at 12:01am. (Photo by Hannah Johnston/Getty Images for Telecom)

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KMOV.com

Posted on April 2, 2013 at 4:59 PM

Updated Tuesday, Apr 2 at 5:27 PM

NEW YORK (AP) -- Apple is set for a possible summer launch of the next iPhone, rather than a fall launch like the last two models, according to a report Tuesday in The Wall Street Journal.

   Apple Inc. is also working on a cheaper iPhone model that could win it some market share in developing countries, the paper said. It cited unnamed people "familiar with the device's production."

   The report is in line with the expectations of company watchers and Wall Street analysts. The iPhone 5 costs around $600, and while Apple maintains older iPhones in production, even those aren't cheap enough to compete effectively against low-end smartphones running Google Inc.'s Android software.

   Apple doesn't comment on future products before its launch events. Its executives usually emphasize that the company's goal is to make the best products, not the cheapest ones.

   The Journal said Apple is set to start production of the new iPhone within the next three months. It's apparently relying on sources among the Asian companies that supply components for the phone and assemble it.
 

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