We’ve been hearing a lot of rumors about a low cost iPhone that is just on the horizon. Apple is rumored to be releasing a budget smartphone offering alongside its next generation iPhone, the iPhone 5S. Up till now, the monikers rumored for this device include the iPhone Lite and iPhone Mini. Today we see a bin full of packaging boxes for an ‘iPhone 5C.’ This could be the packaging for a barrage of counterfeit iPhones, or this could be the moniker of Apple’s much rumored cheaper iPhone.

The packaging itself looks quite similar to that of the fifth generation iPod touch. The C in this moniker could correspond to the polycarbonate material that has reportedly been used for this device. The picture appeared on WeiPhone Forums, it originates from China. The country is well known for knock off products, so there exists a huge possibility that iPhone 5C is just a knock off that has been created based on the rumors of Apple’s low cost iPhone. Recent rumors suggest that Apple might conduct an event on September 6th to unveil both the iPhone 5S and the low cost iPhone.

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