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Apple expected to unveil 'low-cost' iPhone

Apple expected to unveil 'low-cost' iPhone
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The tech world is awash with rumours about exactly what Apple is going to announce at its much ballyhooed ‘Special Event’ today.

Based on leaks from suppliers, it is almost certain there will be a cheaper version of the iPhone, partly made of brightly coloured plastic.

That would be to try to tap into markets like China and India, where it is fast losing ground to rivals.

For the so-called premium users there will be the latest version of its existing flagship smartphone, to be known as the iPhone 5S,

There have been a number of reports that the more expensive model will include a fingerprint sensor as a security device, removing the need for passwords.

Apple is under pressure to come up with new innovations. Faced with slowing growth its share price has fallen nearly 30 percent in the last year.