It's Official: Apple's New, 'Cheap' iPhone Is The iPhone 5C

Apple just officially announced its budget iPhone, the iPhone 5C.

As expected, the new iPhone 5C has a plastic backing and is available in several colors: green, white, blue, pink, and yellow.

Apple is in the process of going through all the new features of the iPhone 5C right now. We're updating this post live, so please refresh for the latest news.

Specific iPhone 5C specs include:

• No seams, part lines, or joints.
• 4-inch Retina display with an integrated touch layer.
• The 5C will have the same Apple A6 processor as the iPhone 5.
• The battery is slightly larger than the current iPhone 5.
• New FaceTime HD camera.
• Apple is offering hard-coated polycarbonate cases to go with the iPhone 5C that will cost $29 each.
• It will retial for $99 for the 16GB version and $199 for the 32GB with a two-year contract.

Here's a look:

The iPhone 5C pic.twitter.com/Zk1t78q3ji

- Tim Bradshaw (@tim) September 10, 2013