New iPhone release date? Look to early fall, according to one source.
The first device, likely titled the iPhone 5S, will be the next flagship Apple smart phone, replacing the iPhone 5, EMSOne says. The second device would be a budget handset, designed to appeal to price-conscious consumers. As Apple Insider notes, at least one Japanese news source has speculated that the cheaper iPhone would be crafted out of polycarbonate, instead of the bezeled glass and aluminum build of the iPhone 5.
It's worth noting, of course, that Apple has not yet confirmed the existence of a new iPhone, let alone the validity of the above reports. Moreover, we're months off from the launch of the next iPhone, and things can still change pretty drastically between now and August or September. (When it comes to predicting the specs on the next iPhone, professional pundits often get things hilariously wrong.)