Reitzes says Apple is likely prepping a new iPad mini as well as three new iPhone models for release this year, including an iPhone 5S, a lower-priced iPhone for emerging markets and a larger-screen iPhone for the 2013 holiday season.
We believe that Apple will eventually introduce a low-priced iPhone or slash the price of older iPhone models (such as the iPhone 3GS) which will act as a low-cost iPhone for emerging markets.