Apple's speculated low-cost iPhone which is expected to make its debut later this year will be released in limited numbers initially in emerging countries, said a new report.

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Reuters

Sources close to Taiwanese daily DigiTimes have revealed that Apple is planning to launch its affordable iPhone in the emerging markets with initial quarterly shipments ranging between 2.5 to 3.0 million units to test the market's response.

They have also reported that the low-cost iPhone will sport a 4.0-inch display and pack Apple's in-house built A6 processor.

Apple is expected to produce the upcoming iPhone with a plastic chassis to cut costs and the contract for the production of devices will be given to the existing ODM (Original Design Manufacturers) partners Foxconn and Pegatron, said the sources.

Earlier reports suggest that the low-cost iPhone will feature a retina display screen, 5.0-megapixel camera and come in five colours - black, white, blue, red and yellow.

The internet is abuzz that the plastic enclosed iPhone may make its debut along with next generation iPhone 5S in June next month at Apple's annual Worldwide Developers Conference which kicks-off on 10 June.

According to various reports, Apple's low-cost iPhone is expected to be priced less than $350 (around ₹18,900). The device with its low-price tag is expected to be a strong contender in Indian market which is briming with budget-priced, feature-rich smartphones.