Rumors about the iPhone 6 continue to be coupled with the nagging rumors about a low-cost iPhone. We’ve seen allegedly leaked photos of various cases and components, and this time, we have a photo of what the poster claims is packaging for the iPhone 5C. There’s speculation that this photo is of the packaging for the low cost iPhone.

iPhone 6

iPhone 5C photo posted

The image of the alleged iPhone 5C packaging was originally posted on the Chinese forum WeiPhone. It was then picked up by numerous other gadget sites like the French site Nowhereelse.fr, MacRumors and others. There are no photos of the supposed iPhone 5C, which leaves it open for speculation about what this device might be. We don’t even know if this device will trump the iPhone 6 or 5S and become the new flagship model, although the general consensus is that this has to be the low cost plastic iPhone, with the C possible standing for “color.”

Numerous photos of plastic iPhone bodies in a wide array of colors have appeared lately, although there’s no way of knowing for sure what Apple Inc. (NASDAQ:AAPL) will end up releasing. The photos could be of Chinese iPhone clones or prototypes. They could even be complete fakes, like this one, which appears to be nothing more than an advertising gimmick.

Where does the iPhone 6 come in?

So if Apple Inc. (NASDAQ:AAPL) is indeed releasing a device called the iPhone 5C, it’s worth questioning where the iPhone 6 comes into the picture. It almost sounds as if we can expected the iPhone 5S this year rather than the iPhone 6.

Will Stabley of Stabley Times provides four different possible scenarios. Of course Apple could release the iPhone 6 or the iPhone 5S along with the iPhone 5C, giving us a low cost model along with the next flagship model. He also speculates that the company will offer the iPhone 6, iPhone 5S and iPhone 5C. I see this as being unlikely, although there was a rumor last week that Apple Inc. (NASDAQ:AAPL) would dump the iPhone 5 completely and release a full new line-up of devices.

Of course the only reason the company would do this is if the low cost iPhone completely shreds the iPhone 5 in specs, price and margins because there is still strong demand for the iPhone 4 and 4S right now.