Topeka Capital analyst Brian White estimates that the low-cost iPhone will be produced in 5 colors and will come before the iPhone 5S.
White told CNET that the colors will be black, white, blue and pink, but the fifth color is not specified.
This device would be cheaper than the current line of iPhones.
Apple’s partners have been preparing for several months for the launch, which could take place in September, when the iPhone 5S should be presented and officially released.
Analysts believe that the iPhone 6 will make its debut on the market eventually in 2014 and will have a display larger than 4 inches.