Report: Apple may build less expensive iPhone

UPDATED 16:29 PM EST, January 9, 2013

NEW YORK (AP) — A published report says Apple may introduce a cheaper iPhone in an effort to reclaim some of the sales that the company has been losing to less expensive handsets running on Google's Android software.

Wednesday's story in The Wall Street Journal speculates that Apple could lower the iPhone's price by equipping the device with an exterior that costs less the aluminum housing on current models.

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