According to Piper Jaffray analyst Gene Munster, Apple will release the next generation iPhone in June this year.
The analyst believes that after launching the 5S model, Cupertino should be able to sell about 4 million units, taking into account that the iPhone 5 sold 5 million during the launch weekend.
In terms of specs, he expects the device to come with a faster processor, an improved camera and even new software features and “an outside chance” to have NFC capabilities.
Following the iPhone 5S, Apple will release a budget smartphone, with a price of $250, as predicted by Munster.
This would be meant to help the company enter the market of more affordable devices, which is estimated at $135 billion.
Last week, Amit Daryanani of RBC Capital Markets made his predictions regarding future Apple smartphones. He suggests June or July are set for the launch date of the iPhone 5S and the low-cost model.