If Apple didn’t innovate enough in the iPhone 5, then don’t worry, the iPhone 5S will be released in just six to seven months from now. In a note to investors, Peter Misek predicted that the iPhone 5S will hit production lines in March 3 and will be launched in June or July. Misek also predicted that the iPhone 6 will likely feature a 4.8″ display. The analyst said that Apple will launch a low-cost iPhone, not a cheap one. According to Misek, the low-cost iPhone will include a polycarbonite case featuring a 4″ non-Retina display and no LTE.