Apple is expected to launch two new iPhone models this Fall, according to a new report by the Financial Post. As widely speculated, Apple will debut both an entirely redesigned iPhone 5 in addition to a mid-range iPhone “4-plus.” J.P. Morgan analyst Mark Moskowitz believes that quarterly iPhone shipments will be driven higher as a result of Apple’s “two-pronged approach” towards the future of the iPhone. Moskowitz adds that a cheaper, mid-range iPhone model will cater to the large Chinese market that Apple has left relatively untouched since the release of the iPhone in 2007.
J.P. Morgan believes that the iPhone 5 will be lighter, thinner, and operate on GSM and CDMA networks. Unfortunately, that almost eliminates the rumors about an LTE-capable iPhone in the near future. Moskowitz believes that the new iPhone will also have a larger screen and 8 megapixel camera with LED flash. The iPhone “4-plus,” on the other hand, would be similar in form factor to the iPhone 4 with modest hardware specification improvements.