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Consumer Electronics

Rumors of a New, Cheaper iPhone in 2013

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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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.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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