American technology behemoth Apple is reportedly contemplating to launch 'iPhone Math' and two new smartphones this year.
Taiwan-based news agency China Times reported that Apple will release three new variants of iPhone this year. The first two smartphones - 4-inch 'iPhone 5S' and 4.8-inch 'iPhone Math' - will each feature an 8.0-megapixel camera and are expected to hit markets in June.
The Chinese daily further claimed that the third iPhone variant will feature a 12.0-megapixel camera and most likely make its debut before the 2013 Christmas holiday season.
The shipments of iPhone components including touch screens and camera is expected to begin early march and production is set to start before the end of April.
The speculations of new iPhone variants began flooding online media ever since Samsung took over as the number one smartphone maker at the end of 2012. Many market analysts began stating that Apple needed a new business plan to counter its rival's ever growing profits.
Few days back, Apple's stock value went below $500 mark for the first time in a year due to reports of the company's cutback on iPhone 5 component shipments amidst weak demand in the global smartphone market.
Brian White, analyst at the Topeka Capital Markets, believed that Apple's plan to introduce iPhone in multiple sizes and colours would allow itself to "better bifurcate the market and expand its reach", reported MacRumors.
He further said that this strategy would probably help Apple to "further penetrate markets such as China and open up opportunities in India".
At beginning of the year, there were reports that Apple was contemplating to build an 'iPhone mini' and planned to release it early next year.
Apple has been rather non-responsive to the rumours so far. On a postive note, consumers can expect the Cupertino company to unveil new devices like Apple iTV and iPad mini 2 with retina display this year.