Ever since The Wall Street Journal broke the story that Apple (AAPL +1.05%) was finally ready to release a cheaper iPhone to take on Google (GOOG +2.81%) Android and Nokia's (NOK +1.87%) Lumia line that utilizes the Microsoft (MSFT +0.17%) Windows Phone 8 OS, speculation has been plentiful. During Apple's recent earnings call, CEO Tim Cook alluded to new products and the analysts are buzzing.
In the video below, Fool.com contributor Doug Ehrman discusses the outlook for the release of a new, cheaper iPhone for emerging markets, and what it could mean for Apple.
