Apple’s much hyped smartphone, iPhone 5S, will hit the stores in July this year with a much rumoured cheap iPhone, says an analyst.

Ming-Chi Kuo, a KGI Securities analyst with a good track record of predicting things about Apple, has claimed that Apple’s next product line will be comprised of iPhone 5S and cheaper iPhone.

According to a report, the iPhone 5S will come with A7 processor, giving an edge in fast processing, along with ‘Smart Flash’ feature for camera which will automatically switch flash from white to yellow and vice versa for a quality picture in accordance with the lighting conditions.

The smartphone will also have the ‘Fingerprint Sensor’ or ‘Fingerprint Reader’ under the home button, as reported earlier.

As far as cheaper iPhone is concerned, the build of the ‘public’ model of US tech giant will made up of plastic and fiberglass. According to the report, it will come in six colors, possibly a tactic to capture color-friendly emerging markets in Asia.

So Apple fans, be ready for an exciting start of 2013 from your favourite company.

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