JP Morgan says that there is two iphones coming this fall, iPhone5 and iPhone4s

According to a proprietary JP Morgan research, Apple will release not one but two smartphones this Fall, showing a China-oriented iPhone 4+ alongside the iPhone 5. Also, the next generation iPhone 5 with might not use the A5 chipset thats powering the iPad 2, but the newly developed A6 SoC.

The report says that the new thinner, lighter iPhone 5 will either pack the A6 CPU and 1GB RAM. To be honest, the A6 bit seems highly unlikely with the new chipset still far from ready for mass production.

Whats more interesting is the rumor that Apple will be releasing an iPhone 4+, which is a slightly improved version of the iPhone 4, alongside its new top dog. JP Morgan suggests that the iPhone 4+ or 4S will be designed with the Chinese market in mind. Availability of the 4+ will not be limited to the Asian country.