One of the most prevalent rumors surrounding the next iPhone is that Apple is working on a larger phone. Some suggest that the larger display won’t come into play until next year’s iPhone 6, but others are now suggesting that we’ll get a larger iPhone with this year’s iPhone 5S.

Brian White, analyst for Topeka Capital Markets, said that Apple will release the iPhone 5S with three separate screen sizes. He reportedly got his information from a company in Apple’s supply chain.

“We believe Apple is coming around to the fact that one size per iPhone release does not work for everyone and offering consumers an option has the potential to expand the company’s market share,” White said.

This isn’t the first time that White has predicted the iPhone 5S will come in multiple screen sizes. He said the same thing back in January, while adding that Apple would be using Sharp’s new IGZO display panels for the larger screens. He also said that the iPhone 5S would be offered in more colors than just the traditional black and white.

White also addressed the persistent rumor that Apple will be releasing a cheaper iPhone this year for the Chinese market. Some rumors suggested that Apple would go as low as $99 for the cheaper device, but White says that Apple can’t possibly go below $300 without a subsidy. The reason being that Apple never sells at a loss or at cost. Even if it’s cheaper, Apple has to make a tidy profit on every iPhone sold to keep investors happy.

All of this is speculation for now, but we may find out more about the mythical iPhone 5S sooner rather than later. The latest rumors peg the iPhone 5S release date for June. If that’s the case, we could see a reveal in late May/early June.

[h/t: Apple Insider]