Apple reportedly working on $99 iPhone alongside iPhone 5S

ChipLoco: The Apple brand has never been associated with lower end products, or products that are aimed at the budget market. This has been the mantra of the company ever since its inception and it holds true for the iPhone as well. Launched in 2007, the iPhone has become a status symbol of sorts in the smartphone world. It’s partly due to its high price and partly because of the level of finesse Apple puts into it. So the idea of Apple actually releasing a lower end iPhone will certainly raise an eye brow or two.