Apple has already talked to at least one major US wireless carrier about its plans to unveil a new, cheaper iPhone, with a prospective retail price of between $99 and $149, a source tells Bloomberg. The phone would debut in late 2013 at the earliest, the source said. Apple execs are hoping the phone would be a hit not just with US cheapskates, but in the developing world, another source said.
Of course, if you really need a $99 iPhone right this instant, you could just buy the 4S, which is already available for $99 with a new contract—or even the 4, which can now be had for free with a contract, according to Mashable. (Read more iPhone stories.)