As a refresher, the phone would supposedly retail in the $99-$149 neighbourhood, which would make it very appealing to customers in developing markets.
Bloomberg’s report points out that “Android made up 75 per cent of smartphone shipments in the third quarter, compared with 15 per cent for Apple, according to IDC,” so a more affordable iPhone would certainly help Apple catch up on this gap.
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.