Here’s a quick heads-up! By for now, the web was just hot with the new iPhone 5 rumors, but, now, another new rumor is just heating up with another new low-cost iPhone that is to be delivered with the newly upcoming iPhone 5. Well, this news is in accordance with the reports of BGR, and this upcoming cheaper handset will retail for no more than $350 without contract. Let’s have more information on this from below.

The most interesting part of this new report is that it’s completely possible that the low-cost iPhone will be the iPhone 3GS actually. Furthermore, the original source of this report isn’t sure about whether or not the upcoming iPhone 5 will bring a new revamped design or not.

So, if this report has anything to go by, then, we’ll get an iPhone 4S in addition to the prepaid iPhone 3GS available within the next month to two. Furthermore, the report also says, Apple will continue to sell the recent iPhone 4 as well, finally providing the company a full range of devices in the lower, mid and high-end price segments.

So, what do you think on this? Just don’t forget to share your views and comments on this with us.