Apple is expected to offer various colors options for the low-cost model with green, yellow, blue, pink and white expected to be available. Besides using a plastic body, the "budget" iPhone should have a slower processor, less impressive camera, 3G connectivity and 8GB of storage. Earlier this month, we showed you a video of what was allegedly a case for the low-cost Apple iPhone and a single cutout on the back of the case aligns perfectly with the positioning of the camera lens, microphone and flash.
The low-cost Apple iPhone is expected to be launched later this year in emerging markets like Africa and India, priced at $329 off-contract.
source: Weibo (translated) via SlashGear