Apple announces budget-priced, plastic iPhone 5C

Gigaom

After months of rumors and speculation, Apple(s aapl) on Tuesday took the wraps off of two new smartphones, including the iPhone 5c. This is the first time Apple has unveiled two new phones at once. The iPhone 5c is a colorful, budget-priced smartphone with similar specs to the iPhone 5.

Introducing the device, Apple CEO Tim Cook said, “In the past we’ve lowered the price of the current iPhone, making it accessible to more people. This year we’re not going to do that… The business has become so large, this year we’re going to replace the iPhone 5.”

The iPhone 5c is made of a hard-coated polycarbonate that comes in green, white, blue, pink or yellow. The entire back and sides of the phone are made from a single part so you won’t see any seams, part lines or joins, and the inside is made of aluminum that also…

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