We're no blog to jump into conclusions, but we're very confident that this is what Apple's purported next low-cost, budget iPhone looks like. Or however you'd like to call it. In fact, this is the actual leaked and unfinished rear shell part with an iPhone 5 display fitted in to get a real feel for what we should be expecting the final thing to be like. Sporting a rounded rear shell design that looks like a bulkier 5th generation iPod touch if it were made out of plastic, the budget iPhone will be made out of strong polycarbonate plastic and will be made available in multiple vibrant colors, all of which will come with a black 4-inch display, a rear facing camera with LED flash and physical buttons.

As for storage capacities, we think Apple will only make 8GB and 16GB models to keep the cost down in addition to lower speced hardware of course. The rear polycarbonate shells will have an iPhone 3G-like glossy finish only that more colors would be made available other than the standard white and black.

Apple's Tim Cook promised to deliver a quality product no matter how much it'll cost when asked about the possibility of a cheaper iPhone, and Techdy, the site that got hold of the leaked parts and put out a generous amount of detailed photos of the assembly, has confirmed that the polycarbonate shell does not feel cheap and that it feels better made than Samsung's Galaxy smartphones. Check out the in-depth video after the break!

Update: The plastic iPhone goes by the name - iPhone 5C.