The Apple iPhone 5S and iPhone 6 are making headlines as Apple Inc. (NASDAQ:AAPL) fans are anxiously awaiting the next great smartphone. There is no telling when Apple Inc. (NASDAQ:AAPL) will debut the next phone but there are a lot of ideas on when and where it may happen.

Apple iPhone 5S

Apple 5S supply cycle may not match demand cycle, again

It’s predicted that the next iPhone will be announced in September. There was also a Foxconn Technology Co., Ltd. (TPE:2354) hiring spree earlier this year which pointed toward an iPhone release in the latter half of 2013. The price for the iPhone will most likely remain the same as it always has, though there is still plenty of speculation that Apple Inc. (NASDAQ:AAPL) will release a budget-friendly version of the iPhone. Earlier this week, KGI Securities analyst Ming-Chi Kuo added, “While shipments forecasts may still grow sharply in 4Q13, we are concerned iPhone 5S may face the same problem as its predecessor, namely that by the time supply matures, demand will already have waned, hurting shipments.”

Apple iPhone 5’s anticipated features

The next iPhone is also predicted to feature the same aluminum design that the iPhone 5 sports but the next generation will feature a slightly larger case. There is a report that Apple Inc. (NASDAQ:AAPL) is currently testing larger displays. Some speculate the next iPhone will feature a 4.3 inch display.

The one thing we know about the upcoming iPhone is that it will feature iOS 7. Last month, Apple Inc. (NASDAQ:AAPL) unveiled the next generation operating system at the Worldwide Developers Conference and it has some new impressive features such as iTunes Radio, revamped Siri personal assistant, AirDrop, cool filters for the camera, enhanced Safari web browser, and enhanced App Store.

Apple Inc. (NASDAQ:AAPL)’s upcoming iPhone 5 and iPhone 6 are generating plenty of buzz. Although nothing has been confirmed yet, there is speculation that the iPhone 5S will come out this year and the iPhone 6 will come out next year.