Apple will be launching low-cost iPhone shortly, Wall Street Journal today reported.
The strategy is to compete with Samsung in the low cost smartphone market.
The report says Apple has asked its Taiwan-based supplier to begin shipping two new versions of the iPhone next month, including a lower-cost model
Taiwan-based Hon Hai Precision, the parent company of Foxconn in China, is readying both a standard iPhone with new upgrades and a less expensive model with fewer features.
