Report: Apple may build less expensive iPhone - Article Photos 1/1

FILE - In this Thursday, June 24, 2012 file photo, Jeremiah Ulibarri checks out his new iPhone 4 outside of an Apple store in Chicago. Apple is trying to decide whether it makes sense to offer a cheaper iPhone as it tries to boost sales in less-affluent countries and reclaim some of the market share lost to cheaper phones running Google's Android software, according to a published report. (AP Photo/Kiichiro Sato, File)