By Michael Oleaga / m.oleaga@latinospost.com (staff@latinospost.com) | First Posted: Jul 19, 2013 09:38 PM EDT

A report from China has claimed Apple is working on two low-cost variants of the iPhone.

According to images spotted on Weibo, Phone Arena reported the two iPhones are likely set for different markets and have distinct features.

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The two iPhones, dubbed as "iPhone Zenvo" and "iPhone Zagato/Bertone," have 4-inch screens but different processor and wireless connectivity options.

The "iPhone Zenvo," considered as the more affordable of the two, has 1GB of RAM and utilizes the "HP5 dual-core processor" by Samsung. The device also supports FDD 4G connectivity and Bluetooth version 4.0

In regards to the "iPhone Zagato/Bertone," the smartphone is likely to support China's local LTE standard. The "Zagato/Bertone" supports TDD 4G LTE and a "H6P" processor.

The latest speculation comes as Latinos Post reported on images alleging to be the low-cost iPhone were spotted on Twitter. Posted by Sonny Dickson, various images showed various colored cases for the iPhone in blue, green, red, white, and yellow variants.

The cases' bright colors are similar to a report by MacOtakara, which claimed that Apple decided to produce covers with color saturation similar to the iPhone bumpers the Cupertino-based company currently sells online. The report noted, however, that the covers for the low-cost iPhone would be black, blue, orange, pink, and white.

Apple has not issued a comment on the low-cost iPhone rumors, therefore, the report from China should be taken with caution.