2 New iPhones?: iPhone 5, iPhone 4S Both Said To Be Almost Here

A Wall Street analyst on Monday said he expects Apple to release two iPhones in September.

In a research note, Deutsche Bank analyst Chris Whitmore said he expects the consumer electronics giant to release the iPhone 5 and a lower-end iPhone 4S handset.

With Nokia and RIMM struggling, the time is right for Apple to aggressively penetrate the mid-range smartphone” market, Whitmore said.

Apple could offer an unlocked iPhone 4S for $300-$500 with a prepaid voice offering that would drive significantly greater penetration in its 1.5B+ subscriber reach (2/3 are prepaid) through 200+ carriers in 98 countries,” Whitmore said.

The analysts expectations are consistent with recent reports, but few have dared to predict that both devices will arrive before the end of the year.

In Apples 2011 second fiscal quarter ending March 26, 2011, the company sold 18.65 million iPhones, reflecting 113 percent unit growth over the year ago quarter. Net sales of the iPhone and related products and services were $12.3 billion in the quarter. As of March 26, the company distributed the iPhone in 90 countries through 186 carriers.

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