Apple Iphone X
Apple Launch event

Apple is reportedly preparing to release three new iPhones by the end of this year. One of the three smartphones is likely to be Apple's biggest iPhone with a 6.5-inch screen, Bloomberg reported.

According to the report, the smartphones will also come with an upgraded version of the existing iPhone X but it would be less expensive. Apple is already running a production test with suppliers.

Apple, iPhone 8 Plus, review, design language
Apple iPhone 8 Plus comes with glass cover. It adds value to the glossy premium exterior looks for the eyes and also most importantly makes wireless charging possible in the device.KVN Rohit/IBTimes India

Apple's upcoming smartphone is expected to sport a 6.5-inch OLED display. The Cupertino-based giant had started using OLED display with iPhone X. The dimensions are expected to be similar to iPhone 8 Plus but an inch larger when measured diagonally. According to Bloomberg, "The big phone is codenamed D33, and at least some prototypes include a screen resolution of 1242 x 2688."

The iPhone is expected to target business users who require a bigger display for spreadsheets and multitasking. The device is also expected to come with a split-screen feature which is available on iPads.

iPhone 8, iPhone 8 Plus on Apple's official website
iPhone 8, iPhone 8 Plus on Apple's official

Similar to the iPhone X, the phablet-style iPhone will also feature a Face ID camera which will allow users to unlock their smartphone by looking at the device. According to the report, iPhone X will also get an upgrade -- an upgraded processor. There is also a possibility of getting a gold body.

To compete with other pocket-friendly smartphones in the market, Apple is also expected to launch a cheaper iPhone model by the end of 2018. Though it will be an affordable device, it will still feature full-screen display like iPhone X along with the Face ID scanner.

Apple will use an LCD screen on the budget-friendly phone for cost-cutting, but it will house aluminium edges and glass back to deliver a premium look. There is no information available on the prices of the upcoming smartphone.