iPhone 5c Price: Budget iPhone Released Tuesday for $99

Apple released its budget iPhone, the steel-reinforced, plastic backed iPhone 5c

It will be available in 16GB for $99 and 32GB for $199 with 2-year contract.

It will feature a 4-inch "retina display," and a multiband antenna in the shell. Its made with hard-coated polycarbonate material, silencing rumors the new phone may include liquid metal.

It comes in five colors: Blue, white, pink, yellow, and green.