Apple to release low-cost iPhone in fall

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Cupertino, Calif.—Apple Corp. once again will shake up the mobile market with a cheaper iPhone, one to compete against the growing Android market and to be introduced in the fall, according to a report from 9to5 Mac. According to 9to5 Mac, Apple will start selling two distinctively different smartphones in September, with the low-end version competing against phones using Google's Android mobile operating system, perhaps one operating both in the U.S. and abroad. 9to5 Mac predicted that a low-end iPhone, offered at less than $300, could quadruple Apple's smartphone market share, to 32% of the U.S. market.
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