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One of the beautiful things about Apple is that they do not release information about their products until very close to the release date, which keeps everyone, including the press intrigued and excited. In such an environment there are always rumours abound, and some people are becoming specialists in predicting these trends and stating their rumors.

This morning a Deutche Bank analyst Chris Whitmore released a note predicting that Apple will launch a less powerful and probably cheaper phone in September at the same time as the iPhone 5, to target the Mid-range market as well as developing countries.

Apple will be releasing two new iPhones this September, says Deutsche Bank analyst Chris Whitmore in a note this morning.

It will release the iPhone 5, and the iPhone 4S, a "mid-range" prepaid smartphone priced at $350. The data plans would work similarly to the iPad. Users could sign up and pay for what they need when they need it.

"With Nokia and RIMM struggling, the time is right for Apple to aggressively penetrate the mid range smart-phone market," says Whitmore.

If Whitmore's report is accurate it would confirm a lot of rumors we've heard this year around the iPhone.

Since February reports have mentioned a cheaper iPhone to expand Apple's market and fend off the rapid growth of Android. We've also read conflicting reports about whether or not Apple is releasing a redesigned phone for iPhone 5 or just a mild internal upgrade producing a faster version of the iPhone 4.

Unlike the fake iPhone's that I've seen in Thailand I will expect the iPhone 4GS to be even more powerful than the iPhone 4 but at a reasonable price. I'm sure a lot of people around the world can't wait.