Simplify the following text for a Grade 7 native English-speaking person.
Original: At one point during the 5200 's lifespan , Atari Inc. planned on developing a smaller cost-reduced version of the Atari 5200 , which would have gotten rid of the controller storage bin .
Simplified: At one point , Atari Inc. planned on developing a smaller , less expensive version of the Atari 5200 which would have gotten rid of the controller storage bin .