The mockups were created by Martin Hajek for iCulture.nl in an attempt to capture what a budget iPhone might look like. They made two versions: a 4-inch iPhone (red) and a 4,5-inch iPhone (blue). Both are made out of polycarbonate and would be available in several colors, just like the latest iPod touch.
Apple has been predicted to be releasing the phone in both June and August.
Take a look at the images below!