5 alive? 4in iPhone might not be the 6c after all

Apple Pay and mid-range specs could be on the cards for iPhone 5e

If you just can't get to grips with larger iPhones, there's a new name to look out for - the iPhone 5e.

Apple's been rumoured to be working on a 4in iPhone for a while, as not everyone liked the bigger iPhone 6s and 6s Plus. It was expected to follow in the footsteps of the 5c, with a plastic back and lots of colour choices, but reports from China today say different.

The 5e could have just two or three colours, and will look more like a shrunken iPhone 6 than a refreshed 5s. That means rounded corners, a metal body and a 2.5D glass screen.

Instead, the E will stand for Enhanced. It sounds a like a Frankenstein's monster, with the 4in screen from an iPhone 5s, and the A8 processor from the iPhone 6.

Apple's hardly going to add every one of the iPhone 6s's tech toys into a cheaper phone, so 3D touch isn't looking likely, but Apple Pay is almost certain to make an appearance.

There should only only be 16GB and 64GB storage sizes - you'll have to step up to an iPhone 6s for 128GB.

The report says it'll cost 3288 Yuan, which is about US$500. If the rumours are true, the iPhone 5e is being built by Foxconn, ready for a March release.

There's no concrete source though, so you'll want to hold off emptying your bank account for a month or two yet until things look a bit more official.