Apple may showcase iPhone 5 and 4S on October 4?

The Apple rumors seems to be in a overdrive as the October 4 "grand finale" day approaches closer.

According to Phonearena, the iPhone 4S has been traced at the Apple’s inventory system. Codenamed N90A, the iPhone 4S's inventory seems to suggest that Apple may show off two handsets in its  “Let’s talk iPhone” event. iPhone 4 has a codenamed N90 and an addition of ‘A’ in its codename indicates surely that some upgradation has taken place.

The same thing happened in 2010, the company launched a cheaper alternative as well the 8GB version of 3GS handset along with the iPhone 4. So, it is expected this time also that along with the iPhone 5 may come along a cheaper alternative.

iPhone 4S is rumored to bear resemblance to iPhone 4 but with some  minute technical changes.

There are chances that it will have much faster dual-core A5 processor. There are also rumors regarding a better rear camera, thanks to the leaked cases which display a large space for camera.

IPhone 4S is expected to be a budget phone, with which Apple wants to target mid-level segment of customers, currently dominated by Android.