Today we come across some new renderings of the much talked-about cheaper “budget” iPhone by Apple. We are pretty sure that it is coming, as there is simply too much talk about it at this point. Martin Hajek created some beautiful renderings based on the information that has leaked so far. It looks like the new “budget” iPhone will come in several colors with a plastic back, similar to the iPhone 3G. The announcement, should it be made, is still a few months away. What do you think about a cheaper iPhone?