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A budget product from Apple? Hmm…that doesn’t sound right.

But from what we’ve been hearing for the last couple of months it looks like a strong rumor.

Redmond Pie, has revealed more evidence that supports the rumor. An actual budget iPhone 5 is being developed as we speak, if the rumors are true.

And boy, it does looks ahem…”budget” (aka cheaper.)

The body looks very “plasticky” and un-Apple like. No sophisticated designs there. Blunt.

The dimensions does look very iPhone 5 like though, slim and tall.

If this is real, its a terrible thing to happen.

But otherwise, this is just another rumor.

Oh, and by the way, there’s more credible sources reporting it.

Mashable, BGR, Yahoo