The Wall Street Journal is reporting that Apple has allegedly asked supplier Hon Hai Precision Industry Co. to start shipping both a high-end and a low-end version of the iPhone next month. That's right—the budget iPhone might really be happening.


What we've heard is the iPhone 5S is coming as a followup to the 5. But apparently Apple is also really going to reveal a cheaper, pared down iPhone 5C that could come in various colors and have a plastic back. There have been murmurings of a budget iPhone for a very long time, but this time around the rumors might actually be true. We'll find out what's up on September 10—the supposed date of Apple's next big reveal. [WSJ]