Rumours of a Fibreglass iPhone?

There have been rumours floating around the web for a while now that Apple is intending to create a lower cost version of the iPhone featuring a plastic and fibreglass casing.

Current colour options for iPod may be made available for iPhone

Apparently the phones will be available in a range of colours, much like the current iPod range, and the fibreglass shell will make them considerably lighter and more durable than a standard iPhone.

It remains to be seen whether this will actually happen or not, but it is rumoured to be Apple's response to Samsung overtaking them in the market.