A rather convincing full 1080p HD video has been released showcasing what is supposedly the casing of the “iPhone lite”. Rumors have been circulating for a while now that Apple are working on a cheaper version of the current iPhone in an attempt to increase their smartphone market share, but until now the images (most of which have come from China) have been very unconvincing. However, the casing in this video features a contemporary looking iPhone logo with their current narrow font, as well an elaborate inner case workings, causing many to believe this isn’t just another hoax. The holes for the volume or mute buttons are yet to be cut out, but if this is the actual design we can expect the “iPhone lite” to look very similar to the much-loved iPhone 3GS.