Topeka Capital analyst Brian White attended an industry trade show in China this week and said that Apple's suppliers are now producing a new, lower price iPhone. The product is expected to be released together with the iPhone 5S.
He claims that the cheap iPhone screen size will be the same as the iPhone 5 and that the appearance will be slightly different compared due to its modified back body which uses a coloured plastic material. It will have a better camera and even fingerprint recognition technology. The budget iPhone will sell for around 400USD. White also believes that the fingerprint recognition technology will be featured on the iPhone 5S.