The device, which is expected to launch alongside iPhone 5S, rumored to sport 8-megapixel camera.
Among the speculation surrounding a cheaper iPhone, Apple is rumored to be working on a 4.8-inch iPhone 'Math'. (Likely just a codename.)
According to China Times, the iPhone Math will sport a a 4.8-inch display, accompanied by an 8-megapixel camera. It's apparently scheduled to launch alongside the rumored iPhone 5S in June.
The iPhone 5S, which is said to be available in multiple colors, has previously been showcased in alleged leaked images. The iPhone 6, meanwhile, was recently outed by developer usage logs, with the device said to be running iOS 7.
Apple is also rumored to be working on a cheaper iPhone, despite claims a cheap unit of its flagship device will never come into fruition. It's expected to generate upwards of $6.5 billion in revenue. A former CEO of the firm, meanwhile, has stressed the importance of a cheaper iPhone, especially for consumers based in developing nations.