Budget iPhone Colors Leaked, 16GB To Retail For $349 Off Contract?

Now that we know what Apple's upcoming low-cost iPhone will look like, a new leak of the purported 4-inch polycarbonate-made iPhone shows the device in a variety of colorfully vibrant colors which are said to look fluorescent in person - including red, yellow, lime green, blue and white. It is rumored that all five colors will only be available with a black glass display as opposed to iPhone 5 models. The Taiwanese site AppleDaily which has acquired the leaked images claims that a 16GB model will retail for $349 with no contract compared to the $649 an iPhone 5 costs without a contract.