Cheaper iPhone may cost $99: Report

WASHINGTON: Apple has plans to launch a low-cost iPhone that will sell for $99 and the phone will run on iOS 7.

Apple is reportedly looking at iPhones with bigger screens and will be launching the low-cost phone in a range of colors as soon as this year, the ABC News reports. 

According to the report, Apple declined to comment on the rumors, but CEO Tim Cook addressed the question of larger screens last month at theThings D conference. 

Cook also said the iPhone doesn't have a larger screen right now for a few reasons. He said that a large screen today comes with a lot of tradeoffs, adding that people do look at the size, but they also look at thingsif the photos show the proper color, reflectivity, battery life, brightness, the longevity of the display. 

The phone will reportedly have a plastic casing and will come in five or six different colors. Besides launching a cheaper iPhone, Apple is also expected to unveil iPhone 5S later this year. iPhone 5S will be an upadte to iPhone 5 which was unveiled in September last year.