A budget version of the iPhone 5 could be on its way soon

Tactus who are a company who manufacture phone cases have aiphonebudget1 leaked image of what appears to be an iPhone with a polycarbonate body. They claim to have captured it at a factory in China that provides parts for principle Apple manufacturer called Foxconn.

It seems to have a resemblance of the older 3g and 3gs models, but it looks taller with a flatter back. It also reportedly to be taller, wider and thicker than the iPhone 4 and 4S versions.

The  polycarbonate body will undoubtedly lower the manufacturing costs. If this leaked photo is true then Apple could be on to a winner, because Apple urgently needs a budget model out to compete in the middle end of the market.

Other rumours have suggested that the next iPhone model will come in various colours and will come packed with ios 7 which will be a much needed update to the ageing ios software. 

Source: Tactus