Considering that we’ve seen evidence of the A7 chip in iOS 7, it’s safe to assume that we’ll see it in the iPhone 5S. The 8MP sensor doesn’t necessarily line up with previous chatter, but we have heard the phone will take better low-light shots.“The name of coming iPhone to be iPhone 5S and iPhone 5C according to my Asian source, Rumored coming iPhone powered by A7 processor Will be Released as “iPhone 5S”.This source told That KGI Securities Analyst Ming-Chi Kuo’s guessesMay be true. Ming-Chi guessed several points, the resolution of iSight camera will be stayed on 8M pixels but F-stop will be brighter up to 2.0. The gold color which is rumored as 3rd color of iPhone 5S will be optional, and rectangle mark of home button Will be removed.”
But hold on a second ! Do you think Apple will unveil a new iPhone with a gold colorway ? Then please don't call it a cheap low cost budget iPhone..
We’ve seen several reports regarding Apple’s low-cost handset over the past 6 months, as well as a number of part leaks. Everything thus far has pointed to the same polycarbonate device, available in various colors, priced at around $300.“Additionally, That source told about coming low-cost iPhone, Which is covered by Plastic case made from polycarbonate and glass-Fibre, it Will be Released with expected name, “iPhone 5C.”
The blog says that "C" refers to the color of the iPhone that we should see it very soon..
So given everything we’ve seen up until now, it seems pretty likely that Apple will show off these two handsets at its event. As for the new iPad mini and redesigned iPad 5, we wouldn’t be surprised to see them at a second event in October.