Forbes reports that analysts at Detwiler Fenton believe Apple is working on a low-cost iPhone that uses a Qualcomm Snapdragon processor rather than the Apple-created processors that the company is currently using for the iPhone. Detwiler adds that using a Snapdragon processor would allow Apple to integrate Bluetooth and Wi-Fi into the processor, which would allow for a lower-cost single chip rather than three separate chips. Apple has been rumored for years to be looking at creating a low-cost iPhone for emerging markets, but the rumors have accelerated in recent weeks amid suggestions that such a device could launch later this year. Apple has invested significant amounts of money and people into its own chip design efforts, and the company has typically been willing to user older-generation chips in its lower-priced products as a way to cut costs. Consequently, Apple would seem to be more likely to pursue that route for a low-cost device rather than tapping an all-new partnership for the main chip with Qualcomm. Article Link: Apple to Use Qualcomm Processors for Low-Cost iPhone for Emerging Markets?