The iPhone 5S release date could be as early as Sept. 10 2013.
The company will unveil and launch the new device on that date, according to a new report from AllThingsD. The publication cited sources with knowledge of the event.
It did not confirm if the new low-cost model would be introduced on that same date. The rumored name for the cheaper version is the iPhone 5C which is thought to be an abbreviation for iPhone 5 Color.
New high-res photos of what could be the low-cost iPhone surfaced on the internet last week.
The pictures were posted by a Chinese microblogging site known as Sina Weibo, C Technology. The site claims that this low-cost iPhone will retail for 3000 yuan off-contract, which is equivalent to $490. This puts it in line with the price of the iPhone 4.
The shell's interior can also be seen and shows metal linings and screw holes for other components. These pictures are consistent with previous sightings of the device. Judging from the pictures, the device will feature an 8-megapixel camera, lightning connector, speakers and flash for the phone.
Apple is already expected to discontinue the lower-end models such as the iPhone 4 and iPhone 4S in order to make way for the cheaper lightning-based replacement that will allow the company to standardize its current 30-pin connector. However, the end of the iPhone 5 was something that was not expected since it introduced the new wire connection in 2012.
The report also claims that the main reason why Apple will discontinue its latest model is due to it not being suitable for low volume production. This will allow Apple to focus all of its efforts toward producing parts for newer products. The iPhone 5S is expected to begin production later on this month.