Apple is reportedly preparing for the release of not one but two new iPhones according to analysts from two different investment banks. The iPhone 5 and the iPhone 4S are expected to be released together in September 2011. The iPhone 4S will reportedly have minor upgrades and cost $350, meanwhile the iPhone 5 is said to be the enhanced model with major system upgrades and will be more expensive. The double release could help Apple compete with the rival Android system.