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Apple eyes cheaper iPhone for overseas

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By Bloomberg News
Wednesday, Jan. 9, 2013, 2:42 p.m.

Apple Inc. plans to sell a smaller, cheaper version of the iPhone as soon as this year, part of a push to gain customers in developing nations.

Apple is weighing retail prices of $99 to $149 for a device that would debut in late 2013, at the earliest, according to a person familiar with the plan. Apple has spoken to at least one of the top U.S. wireless carriers about its plans.

Android made up 75 percent of smartphone shipments in the third quarter, compared with 15 percent for Apple, according to IDC.

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