Rumors have been swirling around the Internet for months now that Apple will release a "budget" version of the iPhone this fall. This new version of Apple's flagship device will ditch the fancy aluminum case in favor of a colored plastic case.

Is this what the new phone could look like?

Designer Martin Hajek based his designs off allegedly leaked parts from Apple's manufacturing plants overseas. At this point the phone is completely hypothetical.

I guess we'll have to wait a few more months to see what Apple has up its sleeves.

[via Gizmodo]