iPhone 5C is rumored to stand for iPhone "color."
iPhone 5C is rumored to stand for iPhone "color." Tumblr

The iPhone 5C is rumored to be a mid range, plastic bodied, less expensive alternative to the iPhone 5S. And while Apple's Senior Vice President, Phillip Schiller, has denied claims that the tech-giant is creating a more budget friendly phone, "Despite the popular of cheap smartphones, this will never be the future of Apple's products," said Schiller. "Every product that Apple creates, we consider using only the best technology available." The Internet is still chaotic with rumors of the iPhone 5C, so we have rounded up all the new regarding the iPhone 5C.

Release Date

The most recent claim suggests that the low budget iPhone could be released as early as September 18th; if rumors are true then the iPhone 5C and iPhone 5S would have correlating release dates. According to the source cited by CurrentEditorials, the mid-range smartphone will be a refresh of the existing iPhone to complement the iPhone 5S, but with a new plastic case and a reduced price tag.

Design

With a refreshed iPhone and a reduced cost, Apple may enter and dominate the mid-range market with the iPhone 5C. The mid-range market is currently dominated by cheaper Android smartphones, with the iPhone 5C; Apple could broaden its consumer base.

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The body of the iPhone 5C will swap aluminum for plastic making the device a but wider and thicker then the iPhone 5. The plastic case is rumored to be created from a unibody plastic of polycarbonate, while the volume buttons, mute slider and hold buttons are also made from plastic, in order to keep the price low. The plastic body is also reportedly available in a variety of colors; leaked images have shown the iPhone 5C rear case in white, yellow, red, green and blue.

Specs

Trusted Reviews reported that the iPhone 5C could launch as one of the first devices running on the new iOS 7 due to its rumored release date. And while many originally believed that the budget price would result in a tech downgrade, it seems that is not happening. A source revealed, "Instead of adding another iPhone to its line-up, Apple has decided to refresh the soon-to-be mid-range iPhone 5 with a selection of colors and a reduced build cost, thanks to some well-placed plastic." Meaning that the low budget iPhone 5C could have the same specs as the current iPhone 5, however, Apple has a history of restricting storage options in its lower-end phones.

Price

According to Mac Rumors, the plastic iPhone 5C could be priced between $450 and $550, "which would likely lower the price to $99 or below with carrier subsidies."

What do you guys think about the iPhone 5C? Would you purchase the low budget plastic smartphone? Comment below and let us know!

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