Low cost iPhone 5 coming this summer?

The "low cost iPhone" rumor is back and apparently this cheaper iPhone could be appearing this summer (June or July). There also could be a new updated iPhone 5 coming at the same time if the new rumors are correct. The lower cost iPhone will apparently have a plastic case and could sell for $350-450 without a contract. I guess we will just have to wait to see if this ever happens but chances are good there will be a bunch more articles about it before summer. CNET has the story.

Apple could have a busy summer if the latest iPhone forecast from one analyst comes to fruition.

The company will launch an iPhone 5S and a revamped version of the iPhone 5 in June or July, predicts KGI Securities analyst Ming-Chi Kuo.