Apple is planning to start production of a new iPhone this quarter, the Wall Street Journal reports.
The Journal says the next iPhone is likely this summer.
Previously, we've seen reports pegging the new iPhone's release in August.
The new iPhone will look just like the current iPhone, but the internals are expected to get an upgrade. Most people are calling it the iPhone 5S, since Apple released an iPhone 3GS, and iPhone 4S, which didn't change the look of their predecessor.
The Journal also reports Apple is still working on a low-cost iPhone, which it's hoping to release in the second half of the year. The low-cost iPhone is expected to have the same general size as the iPhone 5. The casing on the cheaper iPhone is expected to be different. Apple has been exploring doing the cases in different colors, says the WSJ.
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