Washington: Apple has plans to release a low cost iPhone that will be available in the market for just USD 99. The new version of software for this iPhone will be incredibly different than the past versions.

Apple is reportedly looking at iPhones with bigger screens and will be releasing the low cost phone in a range of colors soon this year. The phone is made of a plastic casing and will come in five or six different colors.

However, Apple declined to comment on the rumors.  Besides releasing a cheaper model of the phone, Apple will release the iPhone 5S later this year.

(Agencies)

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