New renderings show what the iPhone 5 would look like based on a possible icon of the device found yesterday. 9to5Mac has heard from a source that this might be an icon for the smaller, cheaper iPhone rumored for release at the same time.

We've received word that of the two new iPhones coming out from Apple, this device might actually be the smaller, cheaper iPhone that is set for release at the same time. To that end, we've got a mock up of what something like that would look like using current iPhone sizes, and the dimensions offered up by the icon (above) if it is a smaller device. If it is the bigger device, or at least bigger-screened device, It could look like the below:

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