The clip was posted by Japanese site MacOtakara and it presents both the front and back covers of the devices, looking ready to be assembled.
The first video shows an iPad 5 that is partially assembled since it lacks the panel LCD and the internal components.
A notable aspect is the logo that appears in a translucent white color.
The second video seems to confirm that the low-cost iPhone will have a plastic shell and that it will have a similar design to the iPhone 5.
It shows the front and rear shells from the device and more rounded edges.
This cheaper version of the smartphone has been rumored to be called the iPhone 5C.