Conventional wisdom says Apple both desperately needs a cheaper iPhone model to compete with low end Android and Nokia offerings, while also holding that lower margins would destroy the company's profitability. Its history offers examples of reaching a middle ground.

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UK restaurant chain Harvester has taken advantage of the Passbook feature in iOS 6 to drive a wave of customer interest and new sales.

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Images purporting to show off a camera component and another piece of a supposed "iPhone 5S" have hit the Internet, fanning the rumors that Apple's follow-up to the iPhone 5 is on deck.

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As year over year growth of Apple's iPhone sales slow, there is evidence that the once-booming smartphone industry is cooling off as a whole.

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Smartphone sales at AT&T and Verizon Wireless over the past two years show that Android isn't growing in the U.S. and that all new growth is coming from Apple's iPhone.

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While iPhone growth may be slowing, Apple's hugely profitable smartphone franchise isn't going anywhere, as evidenced by the latest on-target activation numbers at Verizon, the largest carrier in the U.S.

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Supposed images of a polycarbonate-backed, low-cost iPhone have hit the Internet, along with predictions that the cheaper Apple handset will see release in the fall of this year.

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With 7.2 million total smartphones activated in Verizon's first fiscal quarter, the iPhone accounted for more than half, with 4 million total Apple handsets activated in the three-month span.

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Apple and Samsung are locked in a price war in India, with each company handing out discounts on its smartphones in a bid to draw customers in one of the world's largest developing smartphone markets.

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Eric Schmidt doesn't hold a grudge against Apple for developing its own rival mapping program for iOS, but the Google chair does seem to think the iPhone maker would be better served with his company's app as the default for its devices.

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A new $300 contract-free iPhone model could easily capture more than 10 percent of the low-end smartphone market in its first year alone, one industry analyst believes.

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Coming on the heels of Facebook's debut of the Google Android-based "Home" app launcher earlier in April, the company is now said to be in talks with Apple to possibly collaborate on such an initiative for the iPhone.

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According to a fresh report out of the Far East, Apple's next-generation "iPhone 5S" could employ a rear-facing camera with an improved 12MP sensor capable of producing high dynamic range images and better nighttime photos.

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After a brief freeze on hiring, Foxconn has allegedly begun adding employees again at one of its Chinese factories — a move said to be made in anticipation of Apple's next iPhone.

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First day sales of Apple's iPhone on T-Mobile's network have the carrier's executives beaming, with T-Mobile's Chief Marketing Officer calling the day "gangbusters" for the carrier.

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iPhone-owning Verizon customers may have to wait a little bit longer before upgrading to the next iteration of Apple's smartphone, as the nation's largest carrier announced on Friday that it was extending the wait period on device upgrades to a full two years.

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On Friday, Apple's iPhone finally launched on T-Mobile, the United States' fourth-largest wireless carrier, with customers able to pick up Apple's bestselling smartphone on T-Mobile's new UNcarrier pricing structure.

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Suppliers in Apple's supply chain reportedly believe that the company plans to simultaneously announce both a low-cost iPhone along with a premium "iPhone 5S" this June, setting the stage for a July launch.

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Local smartphone makers in India with aggressively low prices are outselling worldwide market leaders Apple and Samsung, according to new data.

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Apple and Google-owned Motorola aren't showing any signs of interest in actually settling their patent disputes, said one federal judge in Florida. Instead, the two firms are more interested in using the courts as a business strategy.

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