It is looking increasingly likely that after years of rumors, Apple (AAPL) will finally launch a cheaper iPhone model in an effort to attack emerging markets. Following recent reports from Topeka Capital Markets, Canaccord Genuity, Digitimes and The Wall Street Journal, Bloomberg now cites a single unnamed source in claiming that Apple is prepping a cheaper iPhone model that will launch in late 2013. The new iPhone may cost as little as $99 or $149 from retailers according to the report, but no other details were provided.
Bloomberg chimes in: Cheaper iPhone launches this year
![iPhone 5 Cheap iPhone Release Date](https://bgr.com/wp-content/uploads/2012/10/iphone-5-bgr-review-23498.jpeg?quality=82&strip=all&w=652&h=434&crop=1)
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