As Apple's WWDC draws nearer, more concept videos for the upcoming smartphone, the iPhone 5S, as well as the rumored low budget iPhone.

In the first video, created by YouTube user Ran Avni of ConceptsiPhone, the first feature to be touted are the new colors, including red, bright aqua blue, pink, yellow-orange, green, violet, and white.

Past reports regarding this rumored feature have already suggested that the next iPhone flagship phone, the iPhone 5S, will not deviate from the basic black and white colors that past iPhone models have carried.

According to The Inquisitr, the colored versions will be reserved for its cheaper iPhone model, as the black and white will be signify the classy appeal of the iPhone 5S.

In the video, creator Ran Avni also showcases a 4.8-inch display, better screen resolutions at 1320x740, a thinner bezel, and capacitive home button, features which have already been long rumored and created into videos.

iPhone Mini: The Cheap iPhone?

Concept video creators Rav Avni and Ugyar Kaya have touted it to be the iPhone Joy, or the cheaper iPhone that reports have been calling as the iPhone Mini.

Previous rumors surrounding this phone seem to have been considered in the video, such as the colored options, which come in pink, yellow, green, red, and blue, with the square-ish design in the video making it look like a similar structure to the Nokia Lumia series.

However, concept video creators have also included a new way to incorporate colors into the design. The black and white concept phones are designed to have a strip of red running along the sides of the phone.

Aside from the colored options, there is also a removable back cover, a plastic housing (albeit for cheaper production), stereo speakers that are located right below the home button, and the current iPhone 5 features.

Perhaps the most surprising feature in the concept phone is the inclusion of the iOS 7 in the cheaper iPhone. HNGN.com has recently reported that sources in Taiwan have stated Apple may be bringing in two new iPhones by the third quarter of 2013.

The report specifies that the two phones may be the iPhone 5S and the low-cost iPhone Mini that mimics the 4S capabilities but with a lower display quality and processor. All of these reports come despite the possibility of no low-cost iPhones by this year, if Tim Cook's statements in the D11 were to serve any clues.

The iOS 7 on the cheaper iPhone may just be wishful thinking on the part of concept video creators instead of based on any solid statements or long-standing rumors.

Watch the concept video for yourself to see if this may have the potential to be the low-cost iPhone.

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