From Nathanael Arnold, news of Apple’s long-awaited low priced iPhone:
Some commentators have speculated that the “C” designator could be Apple’s way of distinguishing its plastic iPhone from the upcoming flagship model that is expected to be named the iPhone 5S. Others have pointed out that the “C” might stand for “color,” since multiple images of plastic iPhone casings in different colors have already been leaked online.
C? For cheap?