Apple Inc, announced their latest and yet cheaper version of the famous iPhone, it's called 'iPhone 5C.' This new iPhone will have five different colors and the price will start at 99 dollars with a US carrier contract.

 Screenshot From Reuters

iPhone 5C has five (5) colors such as, blue, white, pink, yellow and green.

According to ABS-CBN News report that iPhone 5C has 16Gb of memory capacity and it will be sell for as low as $99 with a US carrier contract, half the cost of earlier iPhone base models.

Apple chief Tim Cook said, "The business has become so large that this year we are going to replace the iPhone 5 and we are going to replace it with two new designs."

Yes, you read it right! Apple unveiled two new iPhone versions, the other iPhone device was called, iPhone 5S, you may click the link for more details.

And here's the Apple iPhone 5C Specifications:

Corning Gorilla Glass 2
4.0-inch LCD display (640×1136 pixels, 326ppi)
Apple A6 1.2GHz dual-core processor
PowerVR SGX543MP3 (triple-core)
16GB and 32GB Built-in storage
1GB Memory
DC-HSDPA 42Mbps, LTE 100Mbps
WiFi 802.11 b/g/n, dual-band
Bluetooth 4.0
8MP camera, with LED flash and has 1080p video recording
1.2MP HD front-facing camera, 720p @ 30fps
GPS w/ aGPS support, GLONASS
iOS 7
132 grams (weight)
124.4 mm x 59.2 mm x 8.97 mm (dimensions)

Apple iPhone 5C SRP:
iPhone 5C 16GB = $99 cash-out and (24 month postpaid plan)
iPhone 5C 32GB = $199 cash-out and (24 month postpaid plan)

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