iPhone 5c Release Date: Budget iPhone Unveiled

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

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. iPhone 5c will come in five colors: Blue, white, pink, yellow, and green.

The phone will be available in 16B for $99 and 32 GB for $199 with a 2-year contract. Release date is yet-to-be determined. Check back here for all the updates.