Is this leaked photo of rumored low-cost iPhone?

By Ural Garrett , Updated Jun 04, 2013 10:34 AM EDT

We've just spotted what could possibly be the leaked photos of the rumored lower cost, entry-level iPhone.

According to the photos in question show something more in line to the iPhone 3GS (rounded back) that uses Apple's lightning cable plugged into the bottom of the device. The back also looks its made of plastic. The image was spotted on Chinese social networking site Weibo. 

Rumor has it that the entry-level or low-cost iPhone will feature a smaller 3.5-inch display, use Apple's A5 processor and the same 5MP camera used in the iPhone 4. Though the shell looks to be made of some kind of plastic material, it could be polycarbonate. Reports say that the new iPhone (dubbed iPhone Lite or iPhone mini) may cost between $99 and $149.

One photo titled "Purported iPhone 5S Home Button Flex" shows that the home button will possibly be colored gold. There have been many contradicting reports of whether Apple would continue its tradition of calling the next iPhone an "S" moniker or skip ahead and call it the iPhone 6. 

What's been made clear, however, is that Apple is planning on releasing a new iOS for its new phones - iOS 7. According to rumors, Vimeo and Flickr will be integrated into the new OS's interface.

In regards to the iPhone successor, it has been reported that Apple has cut Samsung out of developing its new processor. New features could include built in wireless charging, adopting Near Field Communication (NFC), fingerprint reader and an even bigger display. 

This comes as Apple introduced an app for next week's Apple Worldwide Developers Conference (WWDC). The app will allow users to browse times, locations and descriptions for sessions, labs and special events. Those who can't make a session or is a Registered Apple Developer can even watch session videos. 

The WWDC conference will take place June 10 - 14 in San Francisco.

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