Apple announces budget-priced, plastic iPhone 5c

After months of rumors and speculation, Apple(s aapl) on Tuesday took the wraps off of two new smartphones, including the iPhone 5c. This is the first time Apple has unveiled two new phones at once. The iPhone 5c is a colorful, budget-priced smartphone with similar specs to the iPhone 5.

Introducing the device, Apple CEO Tim Cook said, “In the past we’ve lowered the price of the current iPhone, making it accessible to more people. This year we’re not going to do that… The business has become so large, this year we’re going to replace the iPhone 5.”

The iPhone 5c is made of a hard-coated polycarbonate that comes in green, white, blue, pink or yellow. The entire back and sides of the phone are made from a single part so you won’t see any seams, part lines or joins, and the inside is made of aluminum that also functions as an antenna.

It has the same A6 processor and 8-megapixel rear camera as the iPhone 5, along with a slightly bigger battery. There’s a new FaceTime HD camera on the front, and Apple claims the phone supports more LTE bands than any other other smartphone in the world.

Apple has also made iPhone 5c cases out of soft-feel silicon rubber with a circular cutout pattern on the back so you can still see the color of the phone. The cases cost $29.

The iPhone 5c will be available for $99 for 16GB or $199 for 32GB on-contract.