Apple to release 'iPhone 5S' this summer: Report
April 03, 2013  11:59
Apple is set for a possible summer launch of the next iPhone, that some are calling the iPhone 5S, rather than a fall launch like the last two models, according to a report Tuesday in The Wall Street Journal.

Apple is also working on a cheaper iPhone model that could win it some market share in developing countries, the paper said. It cited unnamed people "familiar with the device's production.

"The report is in line with the expectations of company watchers and Wall Street analysts. The iPhone 5 costs around $600, and while Apple maintains older iPhones in production, even those aren't cheap enough to compete effectively against low-end smartphones running Google's Android software.
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