Where there’s smoke there must be fire too and, whenever The Wall Street Journal chimes in on the rumors chances are that there’s a rather big amount of credibility to them, especially if they involve Apple. We’ve recently heard analysts foresee a lower-end iPhone and the publication seems to agree.

The lower-end iPhone is in the works, according to “people briefed on the matter”, and it could be launched later this year, despite being a rather old project. While we’ve previously heard of a new outer aspect, today’s report claims a standard iPhone look but with a cheaper construction. Speculation is that such cheaper iPhone would be built from polycarbonate, instead of a glass and metal combo like on the iPhone 5.

The internals would either be the same or will be reused from older models, which is in line with Apple’s policy of keeping the previous model on the market whenever a new one is released.

Source: The Wall Street Journal