If true, this would mean Apple's line-up come September would be the iPhone 7 and 7 Plus, iPhone 6S and 6S Plus, and iPhone 5SE (as this latter model would replace the 5S).
The 5SE would also have more storage than the 5S, coming in 16GB and 64GB variants. The 5S currently comes in 16GB and 32GB models.
Meanwhile, an image of what purports to be the iPhone 5SE has emerged over on the One More Thing forums (see the image at the top of this story). Expect plenty more of these before launch.
Apple is rumoured to be set to launch the new device during the week of March 14th. That's seven weeks' time.
Excited about the next-gen budget iPhone? Us too. Here's our five point guide to why it'll breathe new life into the iPhone 5S: 5 reasons to be excited about the iPhone 5SE.
