More and more news about Apple Inc. (NASDAQ:AAPL) budget iPhone, now popularly named as iPhone 5C, emerged in practically all tech news portal. The increasing news written about the iPhone 5C are motivated by its rumoured release on September side by side by other Apple Inc. (NASDAQ:AAPL) popular devices, the iPhone 5S and iPhone 4S.

The latest news to hit the online world on Tuesday, is about iPhone 5C, a plastic iPhone, replacing the iPhone 5, the high-end iPhone; while Apple Inc. (NASDAQ:AAPL) will continue its production of the iPhone 4S.

According to a report from the Apple Insider, analyst Ming-Chi Kuo of KGI Securities, said that his analysis of the iPhone 5C upholds the previous rumours claiming that the budget iPhone is Apple Inc. (NASDAQ:AAPL) introduction of a mid-range device to the market, rather than the much rumoured low-end option. Also, according to the analyst, Apple Inc. (NASDAQ:AAPL) is having the iPhone 4S as its entry-level iPhone.

Mr Kuo sustains that the iPhone 5C will be priced at $400 to $500, that is, if it comes without a contract from network providers. The iPhone 4S will also be introduced in the same price.

The rumoured September lineup of Apple Inc. (NASDAQ:AAPL) - iPhone 5S, IPhone 5C and iPhone 4S - ends the production of another iPhone device, the iPhone 4.

However, Mr Kuo objected the recent rumours of iPhone 5C replacing both the iPhone 4S and iPhone 4. Instead, he hinted that iPhone 5C will be replacing the iPhone 5, because Apple Inc. (NASDAQ:AAPL) wanted all its devices to have 4-inch display screen and the rumoured new Lightning connector. The new iPhone devices, also, will no longer have the 30-pin connector according to Mr Kuo.

Contradictory to previous rumours that iPhone 5C will be short of advanced softwares included in top-quality iPhone devices, Mr Kuo said that the iPhone 5C will feature components the same as the high-end iPhone 5. This includes A6 processor and a 4-inch retina display. To make this possible, Apple, indeed, will design the iPhone 5C with colourful plastic casing.

As for the iPhone 5S, Apple Inc. (NASDAQ:AAPL) introduces the device as its premium smartphone with the same metal components to that of the iPhone 5 but with the advance fingerprint sensor beneath the home button. The iPhone 5S will also feature LED flash which is best for taking photos when in places with low light.