From StockNews.com: According to a rumor from a credible Japanese Apple blog Mac Otakara, Apple Inc. (NASDAQ:AAPL) is working on a mid-sized version of its iPhone 7 device with an interesting new camera array for 2017.

Citing Taiwanese supply chain sources, next year’s update to the iPhone 7 will include iPhone 7s, iPhone 7s Plus, and a yet-to-be-named third version whose screen size and footprint are in between the two current devices. The medium device with a 5-inch screen would include similar specs as the other two models, and also could feature a new camera concept. From Apple Insider:

The supposed 5-inch iteration is also rumored to feature a dual-lens camera array with iSight modules arranged vertically rather than the horizontal configuration introduced with iPhone 6s Plus. Whether the design change extends to the “iPhone 7s Plus” —and potentially “iPhone 7s” —is unclear.

Apple’s plans could change, however, as Taiwanese suppliers are expecting to receive finalized specifications some time in the first quarter of 2017, the report said.

This latest report seems to contradict earlier rumors of a high-end device coming next year that includes a flexible screen, sandwiched glass enclosure, invisible home button, and edge-to-edge display. But perhaps the mid-sized phone model and 7s updates in general are an intermediate step prior to the company bringing its next revolutionary design to market.

With so many conflicting rumors flying around about the next iPhones, it’s prudent to take each new report with a grain of salt. However, it’s becoming very clear that Apple is planning something very big for its next generation phones, and if it can come up with a true game-changing device, it would likely mean massive gains for the world’s largest and most profitable company.

Apple shares rose $0.19 (+0.16%) to $117.45 in premarket trading Wednesday. Year-to-date, APPL has gained 11.4%, which is slightly lower than the 12.14% return of the benchmark S&P 500 during the same period.

AAPL currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 24 stocks in the Technology – Hardware category.

This article is brought to you courtesy of StockNews.com.

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