Apple's Next iPhone Release Could Cost $300 Without Contract

By Craig Galbraith Comments
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**Editor's Note: Click here  for our list of December's hottest selling smartphones to see how the iPhone measured up to the competition, or click here for our complete breakdown of the iPhone 5.**

Even though talk of a less expensive iPhone has been pooh-poohed by at least one Apple exec, one more industry insider has come forward to say that the Silicon Valley giant will indeed unveil an iPhone made of cheaper products sometime this year.

The new iPhone, Topeka Capital analyst Brian White said this week in an investor note, will have a plastic shell rather than one made of glass and metal. The cheaper components will help Apple's manufacturers in Asia build it for less, resulting in a lower price tag for consumers – perhaps as little as $300. By comparison, the least expensive iPhone 5 will set you back $649 if you don't sign up for a two-year service agreement with your favorite wireless carrier.

The new device, however, might only be available to customers in emerging markets such as China.

White backs up other rumors that suggest Apple might release more iPhones with varying screen sizes, perhaps as early as June, Business Insider reported.

Follow senior online managing editor @Craig_Galbraith on Twitter.

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