Gene Munster, principle analyst for Piper Jaffray Companies (NYSE:PJC), predicts the summer of 2013 will be the summer of Apple Inc. (NASDAQ:AAPL). He speculates that the tech giant will release the iPhone5 successor ‘5S’ in June and the budget iPhone in September.

iphone 5S

Given Munster’s not–so-accurate history at predicting the release dates of Apple products. He added this about the rumoured low-price iPhone, “We continue to believe Apple will have a cheaper phone product to address the emerging markets. In recent public comments, Tim Cook noted that the original iPod cost $399 and eventually the company released a $49 iPod Shuffle that addressed a broader market. We believe Apple will likely introduce a cheaper device in the September quarter.”

Although the iPhone5 is still the most current Apple Inc. (NASDAQ:AAPL) smartphone, there is still much anticipation for the next big phone. Moreover, there is a lot of anticipation for a budget-friendly iPhone.

Overall, a budget iPhone would be a good thing for the company and help them boost their overall profits. The only downside to this would be that it might cheapen their overall product. That’s the one thing Apple always had over Android, a more premium product that can be relied on. Although Android has made a wide array of products and programs for budgets of all sorts, Apple Inc. (NASDAQ:AAPL) is the one company that’s never sacrificed quality for the sake of saving money. Tech consumers always know what kind of product they are getting with Apple.

Munster is not the first to predict an early iPhone 5S. There have been numerous rumours pointing towards an earlier release date for the seventh generation iPhone but recent rumours indicate the iPhone may come out in September. The later rumour is most likely as Apple Inc. (NASDAQ:AAPL) tends to reserve the big unveilings for the latter of year.