Nothing gets an Apple fan's drool started faster than rumors, any rumor, but any news about a possible cheaper version of the iPhone is guaranteed to get the faithful excited especially if it includes "color".
One of the more persistent rumors regarding the next iteration of the iPhone is that Apple will be releasing two versions: the standard iPhone and also an iPhone "Mini". The most recent repeating of the rumor comes from Topeka Capital Markets analyst Brian White who is suggesting that the two versions of the "iPhone 5S" will be announced in June and ready for shipment in July.
In regards to the 'Mini' version, White said that that the phone actually won't be smaller in size that the regular iPhone, but rather it will be priced at $350 to $400. The budget-conscious pricing puts the new iPhone at just under the regular iPhone 5's price of $700 to $900. In addition, he says that the 'Mini' version will come with a curved back casing that will be constructed from colored plastic.
White says his report is based on new information from sources in the Chinese consumer electronics industry, and he goes on to suggest that the iPhone 5S will be almost identical to the iPhone 5, but that it will have a slightly larger camera as well as fingerprint identification technology.
To finish off the report, White says that he can't confirm any larger screen iPhones, but that such a thing is "inevitable" – especially if the company wants to remain competitive in China and the rest of Asia.