Apple is all set to unveil its new smartphone next week, and according to the rumor mill, it’s going to be quite the upgrade — larger display, thinner profile, and LTE compatibility are all on the menu.

In addition to the new handset, it’ll be interesting to see what Apple does with the rest of its iPhone lineup. A lot of folks think the 3GS is on the way out, but what about the other models?

According to a new report from The Telegraph, Apple will replace the current free-with-contract iPhone 3GS with its 8GB iPhone 4 model. And it will replace the 4, at the $99 price point, with an 8GB 4S.

“he new update will mean that the 8GB version of the iPhone 4 will be the entry-level iPhone, probably given away free on £20 per month contracts, as the 3GS is currently. Sources close to retailers also suggested that an 8GB version of the 4S could be introduced.”

In addition to the new 4S model, the publication’s sources have also confirmed that the iPhone 5 will come in the usual three storage options, and they echo the expected September 21st availability date.

It wouldn’t surprise us at all to see Apple drop the 3GS from its lineup this fall. The handset has been on the market since 2009, and its internals are finally starting to show their age with the iOS 6 update.

That being said, we also wouldn’t be shocked to see Apple release an 8GB version of its iPhone 4S and price it at $99. It did the same thing last year with the iPhone 4, and it continues to sell well.

We’ll find out if any of this holds water next Wednesday. Be sure to join us for full iPhone event coverage.

  • The iPhone 4 is still a great phone! Its just lagging performance for some big great looking games. A good deal for smartphone starters. 🙂

    • What are trying to say?i can play big great looking games without lag on my iPhone 4!!! iPhone 4a was never an upgrade…the iPhone 5 would be a nice upgrade

  • Spelling error

    • Many and so confused wether they are talking about 4 or 4s

  • in the UK the iPhone 4 is already the level entry at T-Mobile. I got mine in March this year as an upgrade on T-Mobile’s 2 year, Full Monty Plan at 36 GBP per month and no cost for the phone. Don’t get me wrong the iPhone 4 is great for what I use it for after jailbreaking it muhahaha.

  • They wouldn’t make iOS6 iPhone 3GS compatible if they planned to drop it.

    • Irfan Tarique

      They are going to drop it after 6.1 or something like that. That’s what they did to the iPhone 3G

      • Thorasgard

        They really jerked 3G owners. They shouldn’t be selling stuff if they are not going to support it for at least 2 years after you buy it.

      • a smit

        why? the phone still functions with any OS installed no?
        imagine all the complaints about speed and battery with iOS6 on a 3G

  • I don’t see the point of having an 8GB iPhone at this point. The iOS itself takes around 1.5 GB, which leaves around 6.5. Just make like a 10GB iPhone.

    • Flash storage is getting cheap enough that they should just be able to drop the freaking 16gb price. The new miminum size for iPhone w/ the new one should be 32gb.

      • Sadly, that is true. And yet, Apple doesn’t change the iPhone prices. Furthermore proves that the Samsung trial was about greed.

      • a smit

        just dump the 16G and start at 32GB – i was hoping they would do that this time around…
        its just another apple tax

      • AltF5

        I just bought a 32GB flash drive (the size of a nickel) at Walmart for $20. And at newegg, I can buy a 64GB one for just over $30.

  • I am very happy to get latest iPhone 4s version such a great Phone it is…