Apple is expected to introduce a cheaper version of the iPhone, as well as an upgrade to its current iPhone. The new phones, according to rumours and leaked images, are expected to be called the iPhone 5C and iPhone 5S. The Apple iPhone 5C could bring one of the industry's costliest smartphones within reach of the masses in poorer emerging markets.
If reports published in technology blogs and newspapers pan out, the stripped-down iPhone will be housed in plastic casing that will be offered in a variety of colours instead of an aluminium casing. The iPhone 5S will be the first to be sold with Apple's revamped mobile software, iOS 7, already installed.
Apple took the wraps off the iPhone 5, the current model, last September. The company has never waited longer than a year to update the iPhone, which has generated $88 billion in revenue during the past year. The company isn't expected to reveal the latest model of its tablet computer, the iPad, until later in the fall. Apple introduced a smaller, less expensive version of the iPad last year in response to the success of more compact and cheaper tablets running on the Android system.In keeping with its tight-lipped ways, Apple hasn't disclosed what's on the agenda for the coming-out party scheduled to begin at 10:30 PM IST (10 AM PDT) on Tuesday at its Cupertino, California, headquarters but you can be amongst the first to know. Follow our live coverage of the event below.