Apple to release a cheaper iPhone in 2013 with all-new design?

The Wall Street Journal has echoed Digitimes' report that Apple will be releasing a low-cost iPhone later on this year, sporting a brand-new design

iPhone 5 - White
The iPhone 5 is available in both black and white

The Wall Street Journal is reporting that Apple will release a low-cost iPhone this year, possibly sporting a polycarbonate body to help keep costs down. The report echoes Digitimes’ story earlier this week which claims that a cheaper iPhone would be released, “for China and other emerging markets”.

Both stories cite supply chain sources, some of which claim they’ve seen the samples of the low-cost iPhone in production. The model is rumoured to adopt  a 5-inch screen, larger than the iPhone 5’s current 4-inch display, and a polycarbonate body, thought to be much cheaper than the current iPhone’s aluminium housing. Other parts are said to be sources from previous generation iPhones, but a general overhaul of the traditional iPhone design is expected.

While rumours of a low-cost iPhone are appearing more and more often, it does seem unlikely that Apple would opt to compromise its usual combination of aluminium and glass in favour of a cheaper model. The Wall Street Journal also points out that such a model could draw away buyers who would otherwise be happy to pay for a more expensive iPhone.