The new iPhone is said to go by the code name “N94”, with the presumed marketing name “iPhone 4S”. Guess this will end up being an evolutionary upgrade for the current iPhone instead of functioning as a redesign as with prior iPhone releases. There will also be no low-cost or affordable iPhone model in the immediate future, according to said source as well, so you can forget about that, too.
Apart from that, it is tipped that the first iPad 3 prototype is expected to roll out sometime early next year, but we think that if you really, absolutely need a tablet now, don’t play the waiting game with manufacturers. You’ll lose most of the time.