Put down another tally for an Apple rumor. A supplier has reportedly confirmed that Apple is in fact working on a low-cost iPhone. According to ETrade Supply, a parts supplier that was the first to leak the iPhone 5 case and the BlackBerry Z10, Apple will be producing a low-cost iPhone.
ETrade Supply didn't provide any sort of specifications for the low-cost iPhone. Previous rumors, however, fill in the gaps. According to various rumors, the low-cost iPhone will sport a 4-inch LTPS display and A6 processor--the same processor currently available in the iPhone 5.
Rumors have also suggested that Apple will once again go with a poly-carbonate backing to reduce cost further. We probably won't see this device appear until the late August/September time frame, so until then, take this rumor with a grain of salt.