The budget iPhone: rumormongers have obsessed out the possibility for
years. Though Apple hasn't – and likely never will – manufacture a new
iPhone just to tackle the economy market, the company has covered that
segment nonetheless. The recipe is simple: continue selling previous
years' iPhones in decreasing increments of $100.Rather than complicating its product lineup with an "iPhone Lite," Apple is now selling last year's iPhone 4S
