iPhone 5

According to Sohu.com, China Telecom will offer two types of iPhone that include the iPhone 5 and a ‘simplified iPhone 4,’” says White. “Essentially, this potential ‘simplified iPhone 4′ would be a more economical version of iPhone to target a broader customer base in developing countries such as China, allowing for an expanded market opportunity.”

This is one of the first reports to suggest that instead of an either iPhone 5 or iPhone 4 lite release, Apple is most likely considering to release TWO new iPhones this year. If this is the case, the company is certainly more than making up for the “later 2011″ release of a new iPhone instead of the usual Summer timeline.