The Forbes article spends a lot of time talking about a triple-lens camera, but we're not convinced this is accurate - the schematic does indeed have three circles which could be camera lenses, but one of them is likely a flash, especially as the iPhone X has a similar configuration, and Apple is rumored to be switching to triple-lens cameras but not until next year.
As per the report, the "budget" smartphone which may simply be called iPhone X will be a 6.1-inch phone.
Gordon Kelly, a contributing writer at Forbes who previously leaked the final design of Samsung's Galaxy S9 smartphone before it was released, says he obtained schematics for both the upcoming "budget iPhone X" with a 6.1-inch display, and the larger iPhone X Plus with a giant 6.5-inch panel.
"Kuo believes that Apple may release three iPhones in fall 2018 - a relatively affordable 6.1-inch LCD iPhone, a new 5.8-inch OLED flagship (perhaps the iPhone X2) and a 6.5-inch OLED "iPhone Plus" model", reported CNET on Sunday.
Schematics for the next iPhone Plus model leak
As per an exclusive report by Gordon Kelly on Forbes, the larger of the phones called iPhone X Plus will have a massive 6.5-inch screen.
The budget iPhone X is expected to come with a single rear camera which will help offer the lower price. Though this is not a new concept in smartphones as Huawei's P20 Pro already has a triple rear camera setup, for iPhones, this will be a first. The schematics also show a comparatively smaller notch with rumors about Face ID 2.0 hardware.
Apple is rumoured to slash prices of existing models as by as much as $300 as the new generation phones come in. The device is said to measure 5.79 x 2.81 inches. In a recent research note, Ming-Chi Kuo said that pricing for Apple's upcoming iPhones for the year 2018 could start at $600.
The hyperbolic language also doesn't lend confidence in the solidity of the report.