Nothing is more refreshing in a new year than a fresh round of Apple iPhone rumors. Now KGI Securities analyst Ming-Chi Kuo has come out with his predictions based on unnamed sources. It is important to note that Ming-Chi has a fairly reliable track record with his Apple predictions.

I present the iPhone 5S

He expects Apple to release it’s latest and greatest iPhone, the iPhone 5s, in Q3 2013. It will likely be announced at the Apple WWDC in June/July. Ming-Chi’s prediction shows a new phone very similar to the current iPhone 5 except it will sport a newer A7 processor, a fingerprint sensor, 8MP camera with an f2.0 aperture and a “smart LED” flash that can be white or yellow.

Apple will release a low cost iPhone

Ming-Chi also believes that Apple will release a cheaper iphone this year which will be a repackaged iPhone 5 with a plastic case and a little thicker than the current model. He expects this new device to cost about $350-400 off contract and free on most US carriers with a 2 year contract.