If you’ve had enough of the next-generation iPhone rumors, you may want to skip over this post. As before any major Apple product launch, the rumor mill is working over time with everyone trying guess Apple’s next move.

While most of the gossip aligns with a September launch, the hardware debate seems to ping pong back and forth. Some folks believe we’ll see a major update to the iPhone line (iPhone 5), and some think it’ll only incur minor changes (4S)…

And then there are some folks that believe that we’ll see both iterations this fall. Deutsche Bank’s Chris Whitmore sent a note out to clients this morning speculating that Apple will be releasing both an iPhone 4S and an iPhone 5.

Whitmore believes that the iPhone 4S will be a modest upgrade from the current model, and get this, will be sold unlocked and contract-free for around $349. The iPhone 5 will be more of a substantial upgrade and match price points from previous models.

While these are some pretty bold statements, the analyst says there’s a method to his madness:

“With Nokia and RIM struggling, the time is right for Apple to aggressively penetrate the mid range smart-phone market (300-500 category) to dramatically expand its total addressable market and market share.”

This is an interesting theory, but I’d have to agree with 9to5Mac’s Christian Zibreg that $349 doesn’t necessarily fall in the mid-range smartphone market. Especially with so many sub-$200 Android offerings.

iDB actually received a tip back in April of this year that Apple was planning on releasing 2 very different models of the iPhone this fall. Our source’s story actually lines up pretty well with Mr. Whitmore’s predictions.

Though we can’t confirm any of the above information, it certainly is food for thought. In my opinion though, Apple would have to make the iPhone 4S substantially less expensive than $349 to be competitive.

What do you think, will we see 2 iPhones this fall?

  • What happened to the iPhone nano?

    • Braulio

      I would hate that with passion… Considering that the iPod nano is stiupid with it’s size and price. Why would some one want a smaller iPhone than what it is now?

      • God

        I agree… In my opinion the new iPod nano looks atrosious… I can’t stand the look of it..

  • steve

    An unlocked 4S at $349 unsubsidized would be amazing IMO, and almost free w/ contract. How many quality Android phones are available for under $200 unsubsidized in the USA from major retailers?

    • Darrin

      Agreed!

  • Burge

    There will not be 2 iPhones apple will lose to much in the cheaper one (4s) everyone will want the 5…I just can not see apple doing this…look how long they sold the 4gig iPhone for..not long that’s because most people wanted the 8 or the 16 gig iPhone.. people choice will just make the cheaper iPhone a unwanted iPhone …

  • SRUm1sh

    In either case, as has been the tradition with Apple, we can expect the price of the unlocked iPhone 4 to come down. That will be a good time to buy iPhone 4s. Your thoughts?

  • Raz

    I think they should stop releasing so many iPhone’s, I just can’t keep up! I’m on a 2 year contract so that means I’ll have to wait until the end of next year to buy the iPhone 5.

    By then iPhone 5S/6 will be released and the only way for me to get it would be by an upgrade option by my carrier which I doubt they would do.

    • yes well said. Apple should release new iPhone once every 2 years. The gap between iPhone 4 and iPhone 5 has been increased by more than a year, lets see how well it goes.

      • frank

        but then apple would lose money because its competition would be bringing out a phone with better specs and hardware the next year

    • geezer

      Are you joking? Nokia, Samsung, HTC and so on are bringing out numerous phones each MONTH, one a year is not much from a major player in the phone market. I’m not saying Apple should bring out more because that would ruin the whole “Apple experience” but they most certaintly shouldn’t bring out 1 every 2 years, they’d lose thier hold on the market. At the moment they have the public right where they want them, eating out the palm of their hands. Every 2 years…that wouldn’t happen! They’ve gone an extra few months this time so they can sort the issues etc but it won’t happen again.

  • Some guy

    lol whitmore said penetrate.

  • Some guy

    Lol he also said aggressively.