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Yup, we're back with the Apple rumor of the week edition of the Apple rumors going around lately.

For starters, Apple is already late on its iPhone 5S anticipated launch and in case you were waiting to purchase the 'next' of the iPhone generation I guess you got to wait for sometime. Meanwhile, here's a news for you.

Last what we heard about the iPhones was that Apple is working on a cheaper version of its iPhone and recently, after some leaked images of the so-called 'budget iPhone 5' surfaced on the internet, the rumors got confirmed and the budget iPhone is already in production in China.

Did I mention that this iPhone is all plastic? I know yay is the word.

Here are some of the leak budget iPhone images:




According to these leaked images the budget iPhone 5 is around 9mm thick, 120mm wide and bigger than iPhone 4/4S and as you can see in the image below it looks huge in comparison to the iPhone 5:




The phone would also come in a variety of colors.

Wondering about the technology part of this budget iPhone? Just keep on guessing, unless Apple makes an official announcement about it.

Apart from these leaked images, another rumor that has been going around is that this budget iPhone is currently in production in China and according to the China Labor Watch report on Pegatron (an Apple manufacturing partner), "Today's work is to paste protective film on the iPhone’s plastic back cover to prevent it from being scratched on assembly lines. This iPhone model with a plastic cover will soon be released on the market by Apple."

Well, no doubt the budget iPhone is Apple's attempt to capture the market that it's losing to Google's Android running devices.

(Images via)

We still don't know when would the budget iPhone would be lost but if the rumors are to be believed  we'll be able to see this phone in the market by the end of this year.

Do share your thoughts about the budget iPhone in the comment section below.

Stay tuned for more tech rumors and updates from E-junkie. 

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