According to Ming-Chi Kuo’s latest predictions/reports, consumers can expect the release of the new iPhone 5S along with a new model of the iPhone 5 sometime in June of 2013.

Ming-Chi Kuo also predicts that the new iPhone 5S will have much stronger computing power with the new A7 application processor, and it will also include a new camera with a smart flash. The iPhone 5S is also rumored to have a fingerprint chip inside of the home button, this will increase important security features for the iPhone user.

The new re-vamped iPone 5 is rumored to be marketed as a more cost-efficient or cheaper model of the original, appealing to a much broader market. Some of the new and unique features of this re-make are said to include a fiberglass and plastic casing that will be available in a variety of colors unlike the traditional iPhone that is only available in black or white.