Following a report late last month that appeared to show plastic retail packaging representing the rumored low-cost iPhone, Japanese blog Mac Otakara is reporting that "iPhone 5C" will indeed be the name of the device. The "C" designation would presumably refer to the various color options available on the rumored lower-cost device.
Several photo leaks have previously shown alleged iPhone 5S parts in a color variously described as "gold", "bronze", or "champagne", although the legitimacy of those parts has not been confirmed.
Rendering of iPhone 5S in black, silver, and "gold"(Source: Mac Otakara)
Also, the report says that the iPhone 5S will run on Apple's custom A7 processor, and that the rectangular mark on the home button of the phone will be removed, something that may be consistent with a report earlier from yesterday saying that the device would feature a new sapphire-covered convex home button housing a fingerprint sensor.
Apple will reportedly unveil the next-generation iPhone on September 10, but it is still unclear whether the event will focus singularly on the iPhone 5S or include the announcement of the lower-cost iPhone as well.According to my asian source, rumored coming iPhone powered by A7 processor will be released as "iPhone 5S". This source told that KGI Securities analyst Ming-Chi Kuo's guesses may be true. Ming-Chi guessed several points, the resolution of iSight camera will be stayed on 8M pixels but F-stop will be brighter up to 2.0. The gold color which is rumored as 3rd color of iPhone 5S will be optional, and rectangle mark of home button will be removed.
Additionally, that source told about coming low-cost iPhone, which is covered by plastic case made from polycarbonate and glass-fibre, it will be released with expected name, "iPhone 5C".
Article Link: More Claims of 'iPhone 5C' Name, iPhone 5S with 'Gold' Color Option and Home Button Changes