Apple will release two new iPhones come September, according to speculation from analyst Chris Witmore of Deutsche Bank: the iPhone 5 and the 4S. The idea makes sense, as it would allow Apple to simultaneously address both the mid-range smartphone market with a more affordable device while also providing a more expensive model for the high-end.
However, the theory appears to be nothing more than that: a theory. Meanwhile, a separate report from Morgan Stanley anlayst Katy Huberty states that production for the next iPhone will begin in August.