Apple is likely going to announce the new Apple iPhone during a special event on September 10th. There will be a lot of eyes on that date because Apple lost a lot of smartphone market-share due to a new wave of Android powered smartphones.
Some of the rumors that are floating around are:
Lower-Cost iPhones: Apple is rumored to be launching a new line of lower-cost iPhones along with the new version of the iPhone 5 (likely to be called the iPhone 5S). These lower cost iPhones are also rumored to be available in multiple colors.
Fingerprint Sensor: Apple acquired a company called Authentec last year. Authentec was known for creating fingerprint sensors. It is believed that the iPhone 5S will have a fingerprint sensor where the signature home button is placed..