Wow, what a weak for iPhone rumors. Early in the week Bloomberg and the Wall Street Journal both reported that Apple was working on a low-priced iPhone in order to compete with low-cost Android phones or to sell in developing countries. Bloomberg said that it could appear later this year. The rumors said that it would sell for $99 or $149 (without a contract), with one analyst suggesting it would be $199. The reports said that it would resemble a standard iPhone but with a less-expensive body such as polycarbonate plastic.