A new report suggests that Apple’s rumored low-cost iPhone is nearing launch. According to a report from the China Times, several of Apple’s suppliers have begun shipping out parts for the low-cost smartphone. Taiwan Semiconductor Manufacturing is said to be supplying Apple with 28-nanometer processors, while Largan Precision is reportedly handling the device’s 8-megapixel camera. Suppliers such as Foxconn, Taiflex Scientific, Texas Instruments and Chipbond are also said to be shipping a “large number” of parts for the handset. The budget iPhone is expected to be equipped with the same 4-inch Retina display as the current-generation iPhone 5, and will reportedly be available in four to six new colors. The latest rumors claim that Apple will debut the iPhone 5S and the new low-cost iPhone this fall.

Dan joins the BGR team as the Android Editor, covering all things relating to Google’s premiere operating system. His work has appeared on Fox News, Fox Business and Yahoo News, among other publications. When he isn’t testing the latest devices or apps, he can be found enjoying the sights and sounds of New York City.