CNET has found a case for the rumored iPhone 5C on Amazon. They are made by Elago and will be in stock August 26. This is not a gurantee that there will be a cheap iPhone.
It's been trending a couple of days on twitter right now. Leaked pictures of a cheap iPhone's packaging. Photos have surfaced of plastic packaging saying iPhone 5c. TechnoBuffalo says the new budget iPhone is confirmed by the source to be called iPhone 5 color. There is a video on YouTube of this rumored plastic iPhone. There is even one with the body. http://www.youtube.com/watch?v=44biradk84Y I would not get a plastic iPhone because I feel that plastic phones will break easily if you bend it. I would like a phone with a aluminum unibody like the iPhone 5 or HTC 1 (my 2 favorite phones)
Today Apple released iOS 7 beta 4. It has several minor tweaks. 9to5mac has reported that the release has a new kit called biometricKitUI. This may lead to the next iPhone having a fingerprint scanner for mobile payments and/or unlocking the phone. I will try to get the next iPhone on launch day even if it doesn't have a fingerprint scanner.