For months and months now, we've been hearing about the supposed "cheap" iPhone that was on the way. At first, the thinking was that Apple could potentially release an iPhone that would hit the $200 off-contract mark (although that was really just wishful thinking by Apple fanalyst Gene Munster.) Eventually, we came to understand that the iPhone 5C would simply be a modification to the iPhone 5, and it would take over the mid-range spot in Apple's lineup between the iPhone 4S and 5S...Source: http://www.phonearena.com/news/Apple-goes-for-higher-margins-with-iPhone-5C-but-may-miss-the-mark-in-China_id47316
