With the many rumblings of what many are expecting form Apple this fall (iOS 7 + iPhone 5S), there has also been talk of the company cheaper version of the iPhone. The budget-friendly iPhone is said to launch in a variety of colors w/ a price tag ranging from $99 to $149 (no word as of yet on whether this pricing would contract-free or not).
As you can see from the images, it would offer a polycarbonate shell (like the Nokia Lumias) with a design style of the iPad mini w/ rounded curves. It will offer the same 4inch display + 1136 x 640 resolution as the iPhone 5. You also have the headphone jack on the bottom as well. The rear shell is said to arrive in a variety of colors: Blue, Green, White, Yellow, Magenta, & more. The site Techdy got a hold of the shell and put a video together of it that you can see below.
They are also selling a modded Android device as well using the new iPhone shell. Hit the source link below for details on that.