Report says China Telecom to get both Apple iPhone 5 and "simplified" iPhone 4 this fall

According to Ticonderoga Securities analyst Brian White, a Chinese language site called Sohu.com is reporting that China Telecom and Apple have worked out a preliminary agreement. According to the agreement, the Cupertino based firm will provide the world's largest mobile carrier with not one, but two Apple iPhone models this fall.
source: BGR
One model will be the brand new Apple iPhone 5 and the second will be a cheaper "re-tooled" version of the current Apple iPhone 4. As we reported, there has been speculation that a plastic encased model of the current iPhone was being produced by Apple. With Android models spanning the range from low-end to high-end phones, Apple would like to be able to offer different versions of its iconic touchscreen phone to fit with customers varying spending plans. The models could help bring in $68 billion for Apple over the long term according to analyst White, a staunch bull on the company's stock.
source: BGR
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