Budget iPhones and fingerprint scanners

Apple has unveiled its first budget iPhone as it revealed a new futuristic device which features a fingerprint reader.

Chief executive Tim Cook promised the cheap 5C gadget would come with “all the great technology that customers have loved” on its previous models.

The tech giant announced the departure from its traditional high-end handsets just minutes before it confirmed rumours that the iPhone 5S would be equipped with a scanner to unlock the device and put an end to the days of passwords.