Till two days ago, the entire world was calling the upcoming budget iPhone as the iPhone Lite. A new report brought to light that the phone might be named close to the iPhone 5(S). Anyways the very existence of the iPhone Lite has finally been confirmed in a new report.
9to5Mac on digging into the China Labor Watch report found the evidence (kudos to their hard work):
Its assembled products include iPhone 4, iPhone 4s, iPhone 5, and low-priced plastic iPhones.
On page 27 of the report, they found:
Today's work is to paste protective film on the iPhone's plastic back cover to prevent it from being scratched on assembly lines. This iPhone model with a plastic cover will soon be released on the market by Apple. [...] The new cell phone has not yet been put into mass production, so quantity is not as important.
Well, at least all those posts that we made related to the budget Apple iPhone Lite (oops, iPhone 5C) haven't been a waste. The device is alive and very much kicking, just waiting patiently for its (to-be) loud launch event.