The Apple has announced its first ever low-cost smartphone, iPhone 5C, at the company’s Cupertino, Calif. headquarters on Tuesday.
The iPhone 5C, a lower-cost plastic model, is wrapped in one of five colors: lime green, white, yellow, red and bright blue.
It has a 4-inch Retina display, and the same 8-megapixel rear camera and A6 processor as the iPhone 5. But the new model has a front-facing camera as well; it will cost $99 for a 16GB model, and $199 for 32GB with two years contract.
Apple took the wraps off the iPhone 5 last September. The company has never waited longer than a year to update the iPhone, which has generated $88 billion in revenue during the past year.
Moreover, the new operating system of the company, iOS 7, will be released Sept. 18 for the iPhone 4 and later, iPad 2 and later, iPad mini and 5th-generation iPod touch.