China and India are the world’s two most populous countries and that is an incentive good enough for companies in every industry to see the two markets as one their most important markets. Apple, the giant that has changed the way the world uses smartphones could not really a change a lot of things in China and India because the iPhone in every generation has been quite steeply priced for both these countries.
But Apple seems to have realized that it can not sell the iPhone in these countries with such high pricing and the word has it that Apple is working on a cheaper sibling of the iPhone that could be priced around Rs.18,000-Rs.20,000 which is lesser than even half of what the iPhone 5 costs. Let’s face it, how many of us can really afford an iPhone? It costs a whopping Rs.45,000. So a cheaper version would surely make a lot of sense.

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