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Looks Like Apple Is Indeed Developing A Cheaper iPhone [WSJ Report]

The Wall Street Journal is reporting that a filing made by Leap Wireless with the Securities and Exchange Commission, provides “some concrete evidence” that Apple is indeed developing a cheaper iPhone. The company has stated that it is looking to sell half as many iPhones as it committed to sell during the first year of its contract with Apple, which ends in June. 

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Those who don’t know, Leap doesn’t require customers to sign contracts and charges more for the iPhone upfront than major U.S wireless carriers like AT&T and Verizon which subsidize the cost in exchange for two-year contracts. Leap charges $500 for the latest model. At carriers that offer two-year contracts, the same phone sells for about $200, or $650 without a contract. The source believes that Leap is now “looking for ways to make the iPhone even cheaper” than it already is.

Here’s what Leap is trying to do about the iPhone situation:

The company said it was working to improve iPhone sales with more marketing and offering more financing for buyers of the device, and noted that its contract with Apple allowed it to lower the price at which it sells the iPhone to consumers.

Earlier reports have hinted that Apple might release a cheaper iPhone model as early as the end of this year, featuring a polycarbonate shell.

“Technology runs through my veins...” | Follow me: @DrUsmanQ usman@iPhoneinCanada.ca

  • WatDaPhuck

    Where and how does this indicate Apple is making a cheaper iPhone?

  • http://www.facebook.com/people/Ricardo-Beigel/529562678 Ricardo Beigel

    Exactly, I agree with WatDaPHuck.
    The WSJ has come from a reputable newspaper to a tabloid, not a surprise since it’s owned by the same company that owns the Sun or the New York Post.

    They are saying that an irrelevant carrier is trying to sell more iphones and it means that Apple is developing a cheap iphone?

    I actually read an article form the WSJ that Leap’s problems where an evidence than Apple needs a cheap iPhone, really WSJ?

    Mark my words, there WON’T BE a cheaper iPhone, I thought Apple clearly gave a hint with the iPad mini. I am so sick of those journalists that keep telling Apple what to do.