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Apple May Release iPhone 5 and Less Expensive Version of iPhone 4 by October

Rumors have surfaced that Apple is planning to launch a cheaper version of its iPhone 4 device along with the iPhone 5.

An unknown source sent an image of AT&T’s inventory list to Engadget, in which the US wireless carrier has listed a certain iPhone 4S White, indicating that the device may be released soon.

The leaked list also contains Apple devices like the black and white iPhone 4 16GB and 32GB. The list fails to mention the storage capacity of the iPhone 4S White, however.

It is widely believed that the company plans to launch two new iPhones in October. One would be the highly awaited iPhone 5, which will come pre-installed with iOS 5 and other bells and whistles. Sources claim the device will feature a radical new tear-shaped design.

The company also plans to launch a cheaper version of iPhone 4S, which is going to be competitively priced and available everywhere.

Supply chain sources have also confirmed that the company has placed a massive order for the iPhone 4S and expects to sell millions before the year ends.