Apple will release not one, but two new iPhone models this September, Deutsche Bank analyst Chris Whitmore wrote in a note to investors on Monday. The Cupertino-based tech giant has a new iPhone 5 model lined up to replace the current iPhone 4, but it also has the rumored “iPhone 4S” in the works — a supposed modest upgrade that will maintain the same physical design as the current iPhone model. The 4S model, Whitmore believes, will launch as a $349 prepaid phone with a data plan that works much like the iPad Wi-Fi + 3G; users will be able to choose from multiple data plans and purchase them on a monthly basis without being locked into a contract. “With Nokia and RIMM struggling, the time is right for Apple to aggressively penetrate the mid range smart-phone market (i.e. $300-500 category) to dramatically expand its [total addressable market] and market share,” Whitemore wrote.

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Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.