If this is true, then the tear drop iPhone may be the low end device, and the one inside the iPhone 4 case might be the high end.
The publication then builds on this tip by speculating that the device houses slightly modified iPhone 4 electronics plus the A4 chip and even the same amount of memory.
http://9to5mac.com/2011/09/27/how-t...up-in-the-hands-of-every-case-maker-in-china/
This would just be the ultimate mindf*ck! All of our theories down the drain. Not to mention all the angry people that wanted to see a redesigned iPhone 5. But at the same time, I can see this as being plausible. Think about it. The rumoured redesigned case looks a lot like the current iPod touch. In my eyes, the iPod touch looks much cheaper than the iPhone 4 (obviously it is, but it just seems like a lower end device). The iPhone 4 looks very classy and it looks like the money it's worth. Plus, in holding the iPod touch and the iPhone 4, the 4 feels much more like a high end device and not ridiculously light (it's hard to explain this since it's such a subjective thing). If Apple increased the case size for a bigger screen, redesigned the antenna slightly, and released that as the iPhone 5 then the new shape would be reserved to make the low end iPhone look very obviously different from the more expensive model.
As for the second quote. We've only seen leaks of the A5 processor in a case that looks like the iPhone 4. Granted this may be Apple doing an excellent job at avoiding leaks, but it's still a possibility since none of us knows anything for sure. I'm not saying this is for sure, I'm just relaying what I've read and what my though process is.
Your thoughts?