Picture of Low-End iPhone Leaked, Looking Similar to the White iPhone 3G

Many cell phone news sites have reported that  Apple plans to announce a new low-cost iPhone to compete with the low-end market, some photos that claim to be the outer housing of the device may have captured for the first time.

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Case maker Tactus posted the picture of what it says is the polycarbonate Housing from Apple’s upcoming budget smartphone. It also claims that the low-cost iPhone features a smaller 3.5-inch display, an Apple A5 processor and the same 5-megapixel camera as the iPhone 4. The information also claims the handset will hit the shelves in five colors: black, white, blue, red and yellow. The low-cost iPhone is expected to be released with the iPhone 5S in the late summer or early fall.

News from Tactus

New Proof for A Cheaper iPhone

Under the pressure of Samsung and other android smartphones, Apple needs to sell more iPhones. Despite posting a record-breaking quarter, investors still want more.
After the rumors about cheaper iPhone may be released later 2013 and lower price iPhone will have brand new design with a 4-inch Retina Display, a new proof for a cheaper iPhone is here.
Tom’s Hardware has revealed a patent for a plastic iPhone with no home button.
The patent is specifically for,

        A light isolating protective cover for small form factor electronic device…that has a rear facing camera assembly and a front facing   display assembly that includes at least a protective cover layer…

The patent was filed in February 2012 but was awarded just last month.
Apple has denied releasing a cheaper iPhone so this is just a rumor now but it falls right in line with other news we’ve been hearing.
Source: BusinessInsider