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Apple Building Two iPhones for September Release

iPhone 5

Could Apple be working on two iPhones, both to be released this September?  According to Fortune, they very well could be.

As you recall, we wrote how the next-generation iPhone would either be called the “4S” or “5.” It turns out that we could actually have two devices with each name.

We’ve heard rumors that the next iPhone would just be this year’s iPhone 3GS, nothing more than an internal upgrade.  Or it could be a new redesign altogether.  However, according to Fortune, Deutsche Bank’s Chris Whitmore is telling clients to expect both 4S and 5 devices.  “With Nokia and RIMM struggling,” he says, “the time is right for Apple to aggressively penetrate the mid range smart-phone market ($300-500 category) to dramatically expand its [total addressable market] and market share.”

Whitmore believes that launching an iPhone 4S that is unlocked, priced around $349, and comes with a pre-paid voice plan would “drive significantly greater penetration” of that market.

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