The headline should not take any of us by surprise. Probably, Apple was worried about number of low-end Android devices taking on Asian market or developing countries. They were left with no choice but to develop cheap iPhone 4 8GB models to tackle Android devices

Apple has experienced enormous growth in developed countries, but they are yet to get firm hold in developing countries. This move is probably to get recognition in Asian market and live up to the expectation of the people while not costing them much.

Reuters has gone one step further and said that with this move Apple may jeopardize profit margins, but they may get significant number of new customers. Steve Jobs has already visited China to understand the market and make a deal to gain the customers

Reportedly, China has the highest number of mobile users in the world. Apple has also failed miserably to make any significant impact in Indian market as iPhone 4, iPad are priced so high that a normal user can not even think of buying this gadget

Apple is also said to be in talk with largest carrier on the earth China Mobile Ltd and China Telecom Corp Ltd to launch iPhone 5 and cheaper iPhone 4 8GB mode in China.

A lower-priced version of iPhone 4 seems to be a necessary evil at this point in the iPhone adoption cycle, especially in emerging markets where the average income of individuals is much lower,” said Channing Smith, co-manager of the Capital Advisors Growth Fund, which owns Apple shares

Apple may change their policy and provide low cost iPhone 4 models with minor hardware changes. Currently, it is available in 16GB and 32GB version. It will be difficult for them to lower the price to around $150-$200 for emerging countries where per head income is very less.

Moreover, Apple should look to gain significant market share with this move as Nokia has lost their grip. Nokia is expected to release number of low-end devices powered by Windows Phone Mango or TangoOS.

Would you be interested in buying cheap 8GB iPhone4?