The iPhone 4 was released in June 2010. Rumors peg Apple's next iPhone to launch in September this year. (Photo: Jon Snyder/Wired.com)

Should we expect to see two new iPhones in September? Although it’s an interesting possibility, it doesn’t seem very likely.

Deutsche Bank analyst Chris Whitmore claims that Apple will be releasing two iPhone models in September: a completely new model — referred to as the iPhone 5 — and an essentially souped-up iPhone 4 called the iPhone 4S.

“With Nokia and RIMM struggling, the time is right for Apple to aggressively penetrate the midrange smartphone market (...