Apple Developing Cheaper iPhone According to Reports

The Wall Street Journal is reporting that Apple is in the design stages for a new, cheaper iPhone to be unveiled later this year. The phone could have a plastic polycarbonate body as well as reuse parts from previous iPhone iterations. All of this is in an effort to bolster iOS’s market share against market leader Android as well as to provide an entry level phone for cost-conscious consumers as well as emerging markets such as China.