Apple has been taking a beating on the Street off late thanks to negative sentiments among investors who fear that the company isn’t innovating any more and others, especially Samsung, have outdone the Cupertino-based giant. It does not help that Apple has not launched a new product since October last year and has missed its annual March announcement, where it usually announced an update to the iPad lineup. However, things are chugging along smoothly, according to WSJ, which claims that the next iPhone is going into production this quarter and could be available in the summer itself rather than the late-October timeline that Apple had started following since the iPhone 4S. Also Read - iOS 12.5.4 update: List of old iPhone, iPad models getting important 'security updates'
According to the report, Apple is also preparing a less expensive iPhone that would sport a 4-inch display like the iPhone 5 but have a different casing. Apple is currently trying out different colored shells but its plans remain unclear. However, the report suggests that the more affordable iPhone could be ready for launch in the second half of the year. Also Read - Apple iPhone 5s price comes down to under Rs 25,000, but should you buy it?
While Apple CEO Tim Cook, like his predecessor Steve Jobs, has always maintained the company won’t launch any product just to achieve a particular price point, it is clear that the iPhone-maker is facing pressures to launch a smartphone under $300 or risk missing out on the fastest growing smartphone segment that could potentially impact its high-end iPhone sales in the future. Also Read - Man promised iPhone 6, iPhone 5S, iPad 4 and Macbook Pro for Rs 51,000, gets a 'heavy brick' instead