Will the iPhone 5 Be Discontinued?

Iphone 5

According to the Korea-based ETNews and reported by Apple Insider, Apple (NASDAQ:AAPL) is planning on abandoning further production of the current iPhone 5 model in favor of focusing production resources solely on the two upcoming versions — the iPhone 5S and the so-called “iPhone Lite.” The source of the rumor appears to be an Apple supplier, or “partner company.”

If the rumor is true, it would be the first time that Apple has stopped production of the last generation of iPhone after a new model was released. Apple typically continues to produce and sell the last two generations of iPhones as lower-cost options for consumers, especially in emerging markets.