Reports claimed that tech giant Apple will announce the next iPhone dubbed as iPhone 6 and skipping the rumoured low cost version of the handset - iPhone 5S.

Latest rumours claimed that iPhone 6 and iPhone 5S will be available as early as July as devices are speculated to be launched in June 10 along with iOS 7.

The iPhone 5S and 6 will likely be introduced, or at least mentioned, at the Apple World Wide Developer's Conference (WWDC) event that will take place on June 14. At the conference, Apple is expected to introduce iOS 7, which is the updated version of the current operating system.

Apple may either intend to keep iPhone 5 or release the iPhone 5S as a lower cost option for consumers wanting to own an Apple device.

Rumour has it that the next iPhone will feature Retina or IGZO screen display, A7 quad core chip processor, iOS 7, 128GB internal storage, 13 mega-pixel camera, and longer battery life. The lack of NFC support on the iPhone 5 was one of the biggest criticisms aimed at Apple's smartphone.

Meanwhile, the cheaper iPhone 5S is rumoured to sport a plastic casing, 4-inch screen display, dual core processor and 8-megapixel camera.

The Apple chief Time Cook also dropped several hints that the upcoming iPhone 6 and 5S will be released later this year. Cook said that no new products are to launch before the end of the year.

Cook also subtly dented rumours that the iPhone 5S could launch as early as June. "Our teams are hard at work on some amazing new hardware, software, and services that we can't wait to introduce this fall and throughout 2014."

It seems that the reports on the delayed release date of Apple products proved to be true. A number of analysts claimed that Apple's smartphones are delayed due to "production issues". However, recent reports also claimed that Chinese suppliers already received the components needed in building the iPhones.

However, Apple did not give an official statement on the rumours surrounding iPhone 6 and iPhone 5S.