Well, not really.
Apple’s plans to release a low-cost iPhone got a solid confirmation from a new report by China Labor Watch this morning. The unlikely source of new product info was an undercover investigation into Pegatron, to shed light on working conditions at the Apple supplier (which also acts as a partner to other consumer electronics makers).
-TechCrunch
This will be rather interesting since Apple prides themselves on premium products.
For the full article, see here.