The dust is yet to settle after Apple’s controversial and somewhat underwhelming iOS 7 formal intro, but there’s no better time than the present to put the next-gen iPhone rumor mill in motion once again.

iPhone 4S iPhone 5 Reuters: $99 iPhone coming this year, 4.7 and 5.7 inch screens considered for 2014 iPhones

And boy, do we have a new juicy report for you! This one comes from Reuters, so, even if it’s based on the usual anonymous inside sources, it’s a tad more believable than rumors emerging from obscure Asian or Eastern European blogs.

According to said sources of the international news agency, Apple is seriously considering bigger form factors for some of its upcoming iPhones. Much bigger, in fact, as rumor has it there will be a 4.7 and a 5.7-inch iPhone released sometime in 2014.

As a reminder, the iPhone 5 is a tiny 4-incher, which is still considerably larger than the 3.5-inch iPhone 4S. Of course, Steve Jobs is likely rolling in his grave right about now, since his notorious view was that a 3.5-inch gadget was “the perfect size for consumers”.

Oh, well, he may have been a visionary in some aspects, but not even Jobs could have predicted the rise of the “phablets”. Interestingly, Reuters mentions nothing about the screen size of this year’s iPhones, which could mean that Apple is yet to make a decision on that.

iphone Reuters: $99 iPhone coming this year, 4.7 and 5.7 inch screens considered for 2014 iPhones

That thesis is supported by the comment of a “person with direct knowledge of the matter”, according to which Apple “constantly changes product specifications almost to the final moment.”

One thing seems to be clear nevertheless regarding Cupertino’s future plans – a low-cost iPhone is to be launched later this year, along with the high-end 5S. The budget-conscious device is said to go for $99 (with contracts, I presume), and may come in a range of 5-6 different colors, unlike the more costly gadget, which will likely be made available in the classic black and white shades. Heh, who knew Nokia’s design approach would catch on.

Also according to Reuters, mass production for both 2013 iPhones is at the moment slated for an August start, meaning September is the likeliest ETA for the duo’s commercial launch. No surprises there, as that would be a full year after iPhone 5’s release, but it remains to be seen if the 5S and… 5 Mini (?) can compete against the Android giants of tomorrow. You know, the Galaxy Note 3, HTC One Max and so on and so forth.

Via [Reuters]