iPhone 5S or C or both?

Coming soon – iPhone 5c and iPhone 5S?

Over the weekend, photo leaked of a bunch of cases for the “iPhone 5C,” which is supposedly the name of Apple’s low-cost iPhone.

Take this one with a grain of salt, but there are images hitting the Apple sites that allege to show the colored back plates for the upcoming low-cost iPhone.

We first saw the images on French site Nowhereelse.fr. It looks like they originate from WeiPhone.

Apple has been rumored to be releasing a lower-cost iPhone to attack the mid-range of the smartphone market. It’s also rumored that the new phone would come in a variety of colors.

One thought on these images: Apple’s new software, iOS 7 uses a bright new color palate. It would make a lot of sense visually if these bright, new-color iPhones matched the bright new colors of iOS 7.

That said, take this with a grain of salt for now. We don’t know much about the origins of the images. We don’t know if those cases are real or not, but we feel certain the name is real.

After the photos leaked, BI heard from a source that the name is going to be “iPhone 5C”. The source doesn’t work at Apple, but is connected to someone inside the company who confirmed the name. So, this is second hand, at best but we feel confident after talking to other source that it’s accurate.

We expect the iPhone 5C to launch along with the iPhone 5S, and sources say the leaks of colorful plastic iPhones are spot-on for what it will look like.

The C is supposed to stand for color. Unfortunately, since this is going to be a low-cost iPhone, most people will mock the C as standing for “cheap”.

The reality is that the iPhone 5C might not be all that cheap, though, most reports suggest it’s going to be $350 or more, which would make it a mid-tier phone instead of a cheap phone.

Don’t forget that Apple don’t do cheap.

Extra reporting from Business Insider.