WSJ talks rumors of a cheaper iPhone

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Everyone but Apple has been speculating over a possible budget-minded version of the iPhone 5 aimed to take over emerging markets.

However, the latest buzz comes out from a reputable source as Wall Street Journal, whose “people familiar with the situation” have spoken of a polycarbonate iPhone in the making. Indeed, a copy of the iPhone 5 made from cheaper materials and slightly weaker hardware seems like a realistic path for Apple, who only as of 2012 started catching up to the market.

Looks like the easy days of putting out one iPhone, one iPad and one iPod on the market, then raking in cash for the rest of the year are over for the giant. Apple will expand their offerings with more variety and shorter product cycles to compete with the colorful Android market.