Consumer Electronics

Rumors of a New, Cheaper iPhone in 2013

Rumors about a cheap version of the Apple Inc. (NASDAQ: AAPL) iPhone have gotten out of hand, at least based on how poor the sources are.

Tencent Tech reports that the new product will be launched in the second half of the year. Another obscure website, Patently Apple, voiced concern about the value of the reporting: “While it sounds like a winner, we have no track record on Tencent Tech’s reporting accuracy.” The same could be said about Patently Apple. A search for the Chinese Tencent Tech does not bring back any match when the name is put into Google.

The entire, thin, Patently Apple report:

According to BrightWire, a business-to-business resource for portfolio managers, a major Chinese website called Tencent Tech is reporting this morning that preliminary details about an entry-level iPhone model from Apple have leaked. Reportedly, this future model will adopt a chassis made of plastic instead of the currently-used glass and aluminum materials. The report adds that the model may also adopt a chassis made of plastic and metal. Metal parts inside this new model supposedly will be able to be seen from outside by virtue of a special design. The model, which is still undergoing validation, will most likely be unveiled in 2H 2013. While it sounds like a winner, we have no track record on Tencent Tech’s reporting accuracy. Until other sources emerge, it’s just a rumor.

Is Your Money Earning the Best Possible Rate? (Sponsor)

Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.

However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.

There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.