It’s looking very likely that the so-called “budget” iPhone will be announced in September. In reality, it will be less budget than mid-range, costing about $350 before contract subsidations. Even so, that should be enough for carriers to sell for $0 with a two-year contract, strengthening Apple’s presence in the market.
We’ve heard before that the budget iPhone would come in an iPod-style assortment of colors, and now new pictures purport to show exactly what the rear shell of the budget iPhone will look like.
For right now, we’re reserving judgment: it’s hard to believe Apple would go with something like this.