Apple iPhone 5S with 13MP Camera, 128GB to Launch in July: Report

Apple Inc is reportedly set to unveil the much-anticipated successor to its iPhone 5 along with some new exciting features sometime in July.

According to Ming-Chi Kuo, analyst at KGI Securities, Apple's upcoming iPhone 5S is likely to sport new features like a snappier processor, fingerprint sensor and a massive 13-megapixel camera.

The Times of India reported that the reports of the fingerprint sensor feature may ring true, considering that Apple's acquisition of Authentec, a firm which deals with fingerprinting technology, in a $356 million deal in July 2012.

Technology website iPhonetouch.Blorge said that iPhone 5s will have in-built storage of 128GB.

Earlier reports suggested that Apple was prepping a low-cost iPhone model for release this year. The cheaper iPhone will resemble the standard model, but may substitute the regular aluminium case with a polycarbonate plastic chassis, according to Wall Street Journal.

Keeping in line with its long-time policy of utmost secrecy, Apple is yet to confirm the details regarding the specs and launch of the next-generation iPhone. It is speculated that the smartphone will be release soon considering Apple's declining current market. Its negative growth trajectory cost the company its smartphone dominance to South Korean rival Samsung in terms of market share, according to the latest report released by research firm IDC.

In what seemed to be a move to regain its supremacy in the global smartphone race, Apple had rolled out a slew of products last year. Even before the hype surrounding its iPad mini and fourth-generation iPad seemed to have died out, rumours are rife that the company will also roll out a fifth-generation iPad and second-generation iPad mini.