Research conducted by top investment bank JP Morgan has concluded that Apple will be launching two new iPhone models next month. Analyst Mark Moskowitz reported that he not only expects Apple to announce the iPhone 5 next month but he's also anticipating the launch of the iPhone 4 Plus (Nano or 4S).
Unlike the iPhone 5 which brings the latest technology to market, the iPhone 4 Plus could be seen as a step backwards. It's aimed at more developing markets and will largely use the technology featured in the current iPhone 4, but with a smaller screen.
However, the iPhone 5 will feature a number of improvements over the iPhone 4 including a larger, lighter and thinner Retina display. It's also widely expected to feature the A5 processor that currently powers the iPad 2 and to have an 8 mega-pixel with LED Flash.
JP Morgan's research also suggested that the iPhone 5 would have 1GB of RAM and increased battery life. The iPhone 5 and iPhone 4 Plus are widely expected to be announced shortly and will launch sometime in October.
Once we hear more about the iPhone 5 or 4 Plus we'll let you know straight away.