Here's Proof A Cheaper iPhone May Be On Its Way

RELATED QUOTES

SymbolPriceChange
AAPL433.26-1.32

Apple needs to sell more iPhones. Despite posting a record-breaking quarter, investors still want more.

Rumor has it, a budget iPhone is on its way.

Tom's Hardware has uncovered a patent for a plastic iPhone with no home button.

The patent is specifically for,

A light isolating protective cover for small form factor electronic device...that  has a rear facing camera assembly and a front facing display assembly that includes at least a protective cover layer...

The patent was filed in February 2012 but was awarded just last month.

"The filing itself lists Apple engineers Chong Yip Chow, Hongqin Zhang, Shizhe Shen and Michael DiVincent as principal inventors," Tom's Hardware reports.

Apple has denied releasing a cheaper iPhone so this is just a rumor now but it falls right in line with other news we've been hearing.

Don't Miss: Apple's Cheap iPhone Is A Great Move For The Company >



More From Business Insider
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    What would you like to see out of any potential tax reforms?

    Loading...
    Poll Choice Options