A new report comes out from one of the incredible solid source of BGR, which claims that Apple is about to announce its next generation iPhone right after the end of summer, seems to launch in the last week of August and will take complete advantage of it and expand their iPhone line to three units, means they will still sell the two years old iPhone 3GS along with the iPhone 4 and the next generation iPhone. The source reports that Apple will offer iPhone 3GS as a low-cost device available for $349 without a carrier contract. In addition to this claim, they have also claimed that new generation device will only carry slighter updates, looks similar to the current iPhone 4, according to them the case manufactures of next generation iPhone has already leaked the design of the upcoming device. While other sources claimed that iPhone 4S/5 to be a thinner and lighter than existing model of iPhone.

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Some recent rumors have already suggested that Apple to release a low-cost iPhone which comes with an unsubsidized price in the range of $350, also according to the solid sources it was confirmed earlier this year that next generation iPhone to carry, higher resolution camera probably 8 Mega Pixel and the dual core A5 Processor chip along with the new dual baseband chip of Qualcomm.