The most solid report to date suggests Apple’s new iPhone 5S will launch in July or August alongside a second entry-level model that will help bolster Apple’s market share in emerging markets. The Journal also mentions the upcoming low-cost iPhone in its report, claiming that “the 4-inch device will likely use a different casing from the higher-end iPhone.”
The report also notes Apple may be testing “different color shells” for its new low-cost iPhone, but makes no assertion that the device will actually launch with new color options. Earlier reports suggested the iPhone 5S might launch with new colors as well.