Apple is reportedly ready to add a lower cost 8GB version of the iPhone 5C to its product lineup, and the new model could hit store shelves early this week. Apple currently offers the iPhone 5C in 16GB and 32GB versions, and word on the street is that neither are selling as well as the iPhone 5S or the older entry-level iPhone 4S.
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If the iPhone 5C isn't selling well, then adding in a lower priced model could help draw in potential buyers who are worried about their overall smartphone startup costs. The crowd that only wants free phones, however, won't be looking beyond the older iPhone 4S.