Business

Apple says 2 new iPhone models coming this year

CUPERTINO, Calif. (AP) — 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.