CNET has quoted Analyst Brian White’s note based on research revealing that budget iPhone or some dubbed as iPhone Mini will come in five different colors.
“White also believes the phone will arrive before the iPhone 5S, which is likely to debut in September assuming Apple follows its usual schedule,” the report further said.
Tech sites and forums have been filling their pages with reported budget iPhone for last many months, making it something more than ‘an idea’.
The specs are likely to copy iPhone 4S with some upgrades things like operating system, camera features, Retina Display and apps.
The analysts believe that budget iPhone is aimed at targeting emerging markets like India, China and Asian countries where non-contract but cheaper devices are preferred instead of contract-based devices.