If you are a fan of the iPhone 5c and have been holding out hope that Apple will release a replacement, there may be some good news for you. The latest rumor regarding a baby iPhone suggests Apple may release a 4-inch iPhone 6c in 2016.

Citing sources from the semiconductor industry, Digitimes (via AppleInsider) reported on Tuesday that Apple will unveil a new budget iPhone equipped with 14/16nm FinFET chips during the second quarter of 2016.

The iPhone 6c may receive an upgrade in specifications over its predecessor thanks to the new FinFET chips.

Here’s what the sources had to say:

The 14/16nm FinFET chips will be manufactured by Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung, the sources said. The original plan was to equip the devices with chips built using TSMC’s 20nm SoC process, said the sources, but the adoption of FinFET processors would enable specs upgrade and lower power consumption.

You may want to take this latest rumor with a pinch of salt. Digitimes has a mixed record when it comes to Apple rumors and, to top it off, Apple hasn’t released an iPhone during the second quarter in five years.

On the bright side, this is not the only rumor that suggests Apple has not killed off its budget iPhone. In May, rumors suggested Apple had placed a substantial order for camera sensors from Sony Corp. intended for use in an iPhone 6c. At the time it was said Apple intended to launch the iPhone 6c in September, but no further details have emerged in support of this. In fact, reputed KGI analyst Ming-Chi Kuo stated that Apple has no plans to release a 4-inch iPhone in 2015.

In June, a report out of China claimed that Taiwan-based AU Optronics (AUO) had clinched a deal to supply Apple with 4 inch displays for an upcoming iPhone. Shipment was supposedly slated to start during the first quarter of 2016 – which may indicate a late second quarter or mid-third quarter release date.

But we still have no idea what to expect. Cowen and Company analyst Timothy Arcuri recently told investors that Apple canned plans to release an iPhone 6c over fears that it may cannibalize sales of the popular iPhone 6. According to Arcuri, the iPhone 6c would have been a scaled down version of the iPhone 6, featuring an all-metal body instead of the plastic used for the iPhone 5c.

Image credit: Kārlis Dambrāns, Flickr, CC BY 2.0