iFans can also look forward to more exciting news from Apple. According to MacFan—a Japanese website, the giant is all set to launch a cost effective variant of its much acclaimed iPhone in a month’s time. The model is expected to become a rage in countries like China and India—which usually shy from devices which come packaged with premium prices. The affordability and cheaper prices associated with these models are making the product all the more lucrative for those looking for lower end models. The site further added that Apple may consider announcing or previewing a new and more innovative update to its iOS, which would bring about some major changes in the forthcoming Apple products. The iPhone 5S will be introduced on June 20, a date which coincides with the sixth anniversary of the first iPhone— June 29, 2007.Ming-Chi Kuo,noted KGI Securities analyst, feels that Apple will release its next-gen iPhone in June and sales would be triggered off in July.

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