iPhone 5 & "iPod-like" iPhone 4S To Take On Android

Apple could release both the iPhone 5 and iPhone 4S in their efforts to combat Android. Apple's dual-release strategy could really allow the company to impact the mid-range market which has around 1 billion prepaid customers, according to an analyst from Deutsche Bank.

[ed: You can read our extensive coverage of the iPhone 5 since the very beginning here. Follow Us Live From 18:00 UK time (10am local time) for the iPhone 5 event here.]

The low-end iPhone 4S is supposed to be an "8 GB iPod-like" device with mobile phone features. It will be encased in an aluminum unibody, which will make it not only a lighter smartphone but also use a cost effective material, which will allow Apple to put it on the market at a more competitive price, somewhere between $300 and $350. This device could achieve margins of about 50%, according to Chris Whitmore of Deutsche Bank, Apple Insider reports.

However, the most anticipated handset is undoubtedly the iPhone 5 which is said to have a completely new design, with an aluminum back replacing the old reinforced glass one, and an edge-to-edge screen with curved sides. The next generation iPhone is also expected to have an 8-megapixel camera.

With the rumours regarding Apple's new products springing up from all possible sources, and overseas suppliers having leaked various parts for the new smartphones, it has given rise to more questions than answers.