Apple selling cheaper iPhone 5c abroad

Bloomberg reports that Apple Inc. Is selling a new, cheaper version of the iPhone 5c with less memory in the U.K., France, Germany, Australia and China.

iPhone 5Cs sold in the US currently start with 16GB of memory; these cheaper models come with only 8GB of memory. The amount of memory dictates the number of apps a user can download and run, as well as the amount of music and photos that can be stored.