“Rumors of a budget ‘ready for China’ iPhone have been circulating for some time, but apart from a possible price point (‘low’) and assumptions about its components (‘plastic,’ ‘low-end’), no concrete details as to its look or feel have leaked out,” Jeremy Horwitz reports for iLounge.

“That’s changing today: unless something major changes between now and its release, we know pretty much what the new low-end iPhone will look like, thanks to reliable sources,” Horwitz reports. “Yes, it will be made substantially from plastic. No, it won’t just be a Retina- and Lightning-equipped refresh of the iPhone 3G or 3GS, Apple’s last plastic iPhones, nor will it look just like an all-plastic version of the iPhone 5.”

Horwitz reports, “This new model is actually a cross between the iPhone 5, fifth-generation iPod touch, and… wait for it… the iPod classic. Yes, really. It will have a 4” screen, like the iPhone 5, a bottom like the latest iPod touch, and a shape that’s most similar to the iPod classic… In summary, the budget iPhone will look a lot like an iPhone 5 from the front, an iPod classic from the side, and an iPod touch 5G on the bottom—only made from plastic rather than glass or metal.”

More info and photos in the full article here.

[Thanks to MacDailyNews Readers "Fred Mertz" and "Dan K." for the heads up.]