Will Apple drop its iPhone 5?

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David Paul Morris/Bloomberg

Will Apple discontinue production of its iPhone 5 when its successor is released?

Staff Orlando Business Journal

Rumors are indicating that Apple Inc. is planning to discontinue production of its iPhone 5, by far the company's best-selling smartphone, when its successor is released later this year, Apple Insider reports.

The move would be a departure from Apple's usual introduction protocol, as the company typically continues to offer the previous two generations of the iPhone in order to appeal to lower-priced markets, according to the report.

If the chatter is correct, Apple (Nasdaq:AAPL) would instead produce only the new high-end incarnation, expected to be called iPhone 5S, and the widely reported but as-yet-unnamed budget iPhone, Apple Insider says.

Photos of what might be a fully assembled sample of the low-cost iPhone emerged this week.

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