With the launch of its highly anticipated iOS 7 rapidly approaching, Apple appears to be bolstering up its efforts to roll out yet another one of its smartphones.

The tech company leader is set to make a splash with those that find themselves on a tight budget, as it will debut an affordable option for those coveting the iPhone.  

Although the respective device hasn't been officially coined a name yet, the affordable smartphone is being referred to as the iPhone 6 by a handful of its loyalists.

On July 5, Techdy Blog posted photos of the budget device, and while one would assume it will be lacking in optimal quality, the tech site stated that it isn't cheap at all.

"The budget iPhone will be made substantially from plastic (we can feel it's actually polycarbonate material). It will have a 4" screen, like the iPhone 5, and interestingly, the budget iPhone in our hands, the plastic chassis does not feel cheap at all. Unlike the plastic build quality of the Samsung Galaxy phones, the plastic material used on the budget iPhone feels more sturdy," said the website.

Interesting to note, the budget iPhone has a different amount of holes on its bottom panel, which may imply that the speaker setup is different from its traditional devices.

Be sure to keep checking back for more information on the upcoming iPhone, which isn't slated to be coming out until either the fall or early 2014.

Tags: iphone 6