iPhone N94 prototype photos published by MacPost are being cited as evidence that Apple is close to releasing a budget device.
It is certainly no secret that Apple will soon release an updated iPhone, likely as soon as this fall. The most recent scuttlebutt puts the device launch on the first Friday in October, with Apple unveiling the device and accepting pre-orders in late September. The iPhone 5, or whatever the new iPhone is going to be called, will probably ship with an improved processor, NFC technology, and possibly a rejiggered casing and curved touchscreen.