That’s right. C definitely doesn’t stand for cheap. The unsubsidized unlocked prices for the iPhone 5C have been revealed. The 16 GB version will be available for 549$ and the 32 GB version will be available for 649$. Let me do the direct conversion for you, the Indian National Rupee prices will likely be – Rs. 35,500/- for the 16 GB version and Rs. 42,000/- for the 32 GB version, rounding off to the nearest values without taxes and import duties. That seals the rumour that a low cost iPhone is on the way. It never was and is going to be the plan for Apple as they would never want to lose the insanely high ASPs that they are getting with the current iPhones.