Apple May Unveil Cheaper iPhone This Year Wall Street Journal says long-held plans are advancing By John Johnson, Newser Staff Posted Jan 8, 2013 5:53 PM CST 18 comments Comments A customer tests the iPhone 5 at the Apple store in Hong Kong. (AP Photo/Kin Cheung, File) (Newser) – Apple is working on a less-expensive iPhone that could be out later this year, reports the Wall Street Journal. The report doesn't say how cheap it might be, only that Apple would bring down costs by making the body out of plastic instead of aluminum and using more recycled parts. The Journal sees the move, which it emphasizes has not been finalized, as a "big shift" in strategy in the post-Steve-Jobs world, one made necessary by Apple's slipping market share in the smartphone market. This is all unconfirmed, reminds the Next Web, though "it’s rare to see such an unflinching statement without some truth being involved." And the Verge notes that the Journal has a solid track record on Apple scoops.