Pegatron: Budget iPhone is coming, isn’t “cheap”

A Pegatron executive appears to have confirmed that Apple will be producing a new, lower-cost iPhone this year, while suggesting that it will not be “cheap.” While translations of the new report from Chinese are shaky, the company’s chairman allegedly said that the “price is still high,” and apparently said that the new device will bring greater value to the smartphone marketplace. It’s unclear whether this means Apple’s new phone will cost as much as the current low-end iPhone 4, or that Pegatron and Apple are already trying to ensure the public doesn’t associate the word “cheap” with the new device. A May report noted Pegatron would be the primary assembler of Apple’s new low-cost iPhone. [via China Times]