Latest rumor has Apple's 4-inch phone named the iPhone 5e; device will launch in March with the A8 inside
Today's report revises some of the specs we have heard previously. Instead of being powered by Apple's current A9 chipset, the iPhone 5e will feature the A8 under the hood, along with 1GB of RAM. The device will support Apple Pay, NFC and VoLTE. It will come with an 8MP rear-camera, and retail for the equivalent of $500 USD.
The Apple iPhone 5e is supposedly being assembled right now at Foxconn facilities, and will be launched in March with 16GB and 64GB versions available. The report adds that Apple is aiming the phone at emerging markets, hoping to spread the use of Apple Pay.
source: MyDrivers (translated) via CultofMac