CUPERTINO, Calif. - Apple says it is planning to release two new iPhone designs later this year so it can serve more customers.
The iPhone 5C, which will be available in five colors - green, blue, yellow, pink and white.
CEO Tim Cook calls it "more fun and colorful" than any other iPhone. The 5C has a 4-inch Retina display and is powered by Apple's A6 chip. It also has an 8 megapixel camera, live photo filters and a rear cover that lights up.
The iPhone 5C will cost $99 for a 16 gigabyte model and $199 for a 32 gigabyte model with a two-year wireless contract.