APPLE

                                       And now the former smartphone giant APPLE INC, is ready to make more customers to it's iphone

Apple Inc. is also working on a cheaper iPhone model that could win it some market share in developing countries, the paper said. It cited unnamed people "familiar with the device's production."

The report is in line with the expectations of company watchers and Wall Street analysts. The iPhone 5 costs around 32,400 INR, and while Apple maintains older i Phones in production, even those aren't cheap enough to compete effectively against low-end smartphones running Google Inc.'s Android software.