Cheap iPhone Called iPhone 5C?

iPhone 5S

There are a couple of names floating around for the new iPhone from various sources… the latest rumored name of the iPhone is the iPhone 5C.

According to the Atlantic Wire, Business Insider has come across information from a guy that they know that knows a guy inside Apple that knows a guy who heard that the new iPhone will be called the iPhone 5C.

The likelihood of it being called the iPhone 5C is really low, however, as there is no confirmation about this turn of events and Apple likes keeping these sort of things very close to their chest. For now, the cheap iPhone is being referred to as the iPhone Lite until Apple gives it an official designation.