“A low-cost iPhone is awaiting approval at Apple, and could be launched in 2013, according to new reports,” Ashleigh Allsopp reports for Macworld UK.

“Jefferies analyst Peter Misek said in a research note on Monday that the cheaper iPhone could be offered at a $200 to $250 price point unsubsidised,” Allsopp reports, “which could translate to around £200 here in the UK.”

Allsopp reports, “Misek says that the low-cost iPhone is just waiting to be given the green light by Apple.”

Read more in the full article here.

MacDailyNews Take: What do you think, is it time for Apple to move downmarket?