Apple 'iPhone Lite' pictured in two versions -- report

Another day, another rumor about Apple's plans to launch a "lite" version of its iPhone.

Apple could be planning to launch two versions of an "iPhone Lite," claims a report out of China that was discovered by Phone Arena on Friday. The report, which included images claiming to show Apple's plans, indicates that one of the handsets is codenamed "iPhone Zenvo," while the other comes with the name, "iPhone Zagato/Bertone."

Both devices, according to the leaked documents, will come with 4-inch displays and be available in multiple colors. The Zenvo model will come with a dual-core processor from Samsung and 1GB of RAM, while the Zagato/Bertone version will have an unidentified "H6P" processor and support for TDD-LTE, according to the report.

In terms of design, the device looks similar to the current iPhone 5, but if the specs are accurate, it looks to be the cheaper model that has been bandied about for the last several months. There has been some disagreement over the device's name, however, as many reports suggest it'll be called the iPhone Mini.

Before we get ahead of ourselves, it's important to note that there's no way to confirm the accuracy of the leaked documents. Apple is notoriously secretive about its plans, and the company has been known to use decoys to throw folks off the scent of new products. In other words, as with all Apple rumors, take this one with a grain of salt until the iPhone maker actually shows off a new device.