KGI Securities analyst Ming-Chi Kuo has predicted that Apple will unveil a new iPhone and a low-cost model of the smartphone in June before they hit the shelves in July.

The analyst, who has correctly predicted Apple product launches in the past, has reiterated his belief that Apple to introduce an iPhone 5S that resembles the design of the iPhone 5, as well as a new design iPhone that is less expensive due to its fiberglass and plastic housing materials and different internal components.

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Apple Insider reports that Kuo expects the iPhone 5S to feature an A7 chip, a new 'Smart Flash' for better quality photographs and the previously rumoured fingerprint security chip that stems from Apple's acquisition of AuthenTec in July 2012. Kuo also suggests that the iPhone 5S will have a larger 1600mAh battery.

In addition to the iPhone 5S, Kuo also thinks that Apple will introduce a cheaper iPhone to its smartphone lineup, which will feature a new design. The low-cost iPhone, dubbed iPhone mini, is likely to be heavier than the iPhone 5 and iPhone 5S, with a fiberglass and plastic casing, said Kuo.

Kuo expects the cheaper iPhone to have LTE functionality, because negotiations over mobile carrier subsidies would prove more difficult with out it, and the additional cost of such chip is small. He also said that the new iPhone models will address China Mobile's TDD networks for the first time, but compatible versions of the device won't become available until September.

When the iPhone does launch for China Mobile's TDD networks, it could account for 28 per cent of Apple's iPhone shipments during the second half of 2013, he said, despite their later arrival.

Kuo expects shipments, which are pegged to begin in May, of the iPhone 5S to reach 40 million units in the second half of the year, with the cheaper iPhone topping 53 million units.

Overall iPhone shipments could rise 83 per cent from the first half of 2013 to 110 million units with the addition of the two new models, Kuo said.

See also:

New iPhone 6 concept images show edge-to-edge screen, trackpad-like Home button

iPhone 6 rumour round up for the week ending 1 March

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