A new budget version of the iPhone is set to launch this year, according to an ETrade Supply source.
The cell-phone parts supplier has been correct about a number of Apple rumors before, and most recently obtained parts of the iPhone 5 prior to its release.
Beyond the budget handset's existence, however, ETrade’s sources weren’t able to share any more details.
Based on previous rumors, the budget iPhone is expected to look like a cross between the iPhone 5, the latest iPod touch and the iPod classic. In terms of materials used, some reports suggest the phone will be made mostly from plastic — making it cheaper to manufacture, but also less durable.
While the budget handset may be priced lower than the original iPhone 5, less expensive doesn't necessarily mean cheap. The rumored phone may actually fall into the mid-range category when it comes to specs and quality.
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