According to Reuters, the company is readying the release of the iPhone 5S with new fingerprint technology.
In addition, the publication writes that a low-cost iPhone is currently in preparation at Cupertino.
This model is composed of a plastic shell and is available in several colors for a release date sometime in 2013.
With this new model Apple would target emerging markets to counter Samsung.
Foxconn is reportedly responsible for assembling the iPhone 5S, while Pegatron is working on the cheaper iPhone.