Tim Cook Apple iPhone5
Apple's CEO Tim Cook on stage during the company's autumn media event last night, announcing the iPhone 5.Reuters

American technology behemoth Apple is reportedly planning to launch two new iPhones this year - one a successor to iPhone 5 and the other that will sport a bigger 5.0-inch screen.

Chinese website laoyaoba.com has revealed that the new iPhones were spotted in the Apple's supplier factory unit in China and added that the smaller iPhone 5S resembles its predecessor's 4.7-inch size and other iPhone sports a big 5.0-inch screen.

Citing his reliable informant in the suppliers' unit, Old Yao from China said that the Apple's two new smartphones are certain to be launched this year, reported technology website.

Yao described that the speculated iPhone 6 had longer and wider screen size as well as a very thin body than the previous iPhones.

The authenticity of the Chinese website's report seems debatable, but if we consider the Apple's current predicament, the Cupertino giant is still studying ways to arrest the sliding stock value in the market. So, these speculations could hold some truth.

Currently, Apple's stock value is hovering just under $480; company's stocks had reached a peak of more than $700 in September last year, but stock value have slid steadily since the new year began amidst weak global sales of iPhone 5.  

Market analysts around the world have opined that the Cupertino based company has to make some radical change in its business plans for the future if it intends to get back it's lost ground from rival Samsung as well as ward off strong competition from the resurgent Microsoft and Nokia.

There were speculations that Apple would bring in cheaper iPhones with multiple sizes and colours particularly for emerging markets such as China and India. Market analyst, Brian White believed that this strategy would help Apple to "better bifurcate the market and expand its reach", reported MacRumors.