If a report published in China Times is to be believed, Apple is now planning to use Qualcommm Snapdragon SoC, instead of its own A-series processor, for powering the low-cost iPhones. As per the report, since TSMC’s 28nm process based Snapdragon’s 400 and 800 series of chipsets provide all-in-one communication including a cellular modem, Wi-Fi and Bluetooth in just a single chip, use of these kinds of all-in-one SoC could save some manufacturing cost for the company, which is now looking forward to launch cheaper version of its wildly popular iPhones in developing countries to compete with its rivals like Samsung and Nokia.

Apple iPhone 5

The publication also reports that Renesas Electronics has taken the responsibility of manufacturing the device’s LCD drivers, while NAND flash memory will be produced by Toshiba, Elpida, Micron Technology, SK Hynix and SanDisk.

Looks like, Apple, which always introduces high-end devices for developed markets, is now quite serious on manufacturing cheaper iPhones for developing markets to grab some market share from Samsung, Nokia, Sony and LG.

Reports regarding the low cost iPhones have been surfacing from last year, but no official announcement about the exact availability and pricing has been made by the company yet, except predictions from the analysts. In recent, well-connected analyst Ming-Chi Kuo predicted that Apple would introduce a low-cost iPhone boasting a hybrid fiberglass/plastic case this summer alongside the next-generation iPhone 5S.