AppleInsider reports today that Apple is to start preliminary builds of the iPhone 5S in March, prior to a launch in June or July, according to Jefferies analyst Peter Misek. Adding fuel to the fire of the rumour about Apple releasing a low-cost iPhone, Misek told investors today that Apple is right now in the process of testing two iPhone prototypes, one of which is thought to be what many are calling iPhone 5S, with the other possibly being the cheap iPhone. As AppleInsider notes, this is not the first time that Misek has predicted that Apple will release an upgrade to the iPhone 5 in the summer of 2013, and he is also currently stating that the iPhone 6, which would presumably not arrive until 2014, would have a bigger, 4.8-inch screen. Misek adds that although he expects iPhone 5 demand to slow somewhat as people get wind of an iPhone 5S on the horizon, he still thinks that Apple will sell 44 million iPhones in the current quarter, way above other less-optimistic predictions of 30 million or so.
Source: Apple to begin preliminary 'iPhone 5S' builds in March for June/July launch - report