Apple going to launch cheap IPHONES soon.

The latest rumor from AppleInsider suggests that the cheaper version of iPhone is expected to have the same 4-inch display as the iPhone 5 with "super-thin plastic casing mixed with glass fiber". The thickness will be between 0.4 and 0.6mm.

According to Kuo, the iPhone 5S will feature a fingerprint scanner for security just below the home button. This feature will allow users to unlock the screen after scanning their fingerprint. A similar feature is already available on laptops but implementing the fingerprint security in the next iPhone would be the first feature of its kind in the smartphone segment.

More realistic is the red version, as it includes a 4-inch display, polycarbonate backside, and some of the other rumored changes such as the positioning of ports and openings. We also get a larger 4.5-inch version in blue, which is something most analysts don’t expect to see on an iPhone until at least 2014.