New Low Cost iPhone in Colors?

Remember the iMac? Maybe Apple's new lower-cost iPhones will take their cue from the iMac. 

The lower cost iPhone might then have something going for it other than lower retail price. 

The iMac, some might recall, was the machine that many believe saved Apple at a time when its future was quite cloudy. 

Some might see the analogy to Apple's current situation, in some ways. 

Recall what Steve Jobs said of the iMac, at the time: "The back of this thing looks better than the front of the other guys'."

Aside from the birth of the "i," the iMac probably represented the  first of Apple's recent industrial design innovations.