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Latest Rumors Point to 128 GB Gold iPhone

As September looms, the iPhone rumor mill is kicking into high gear. The latest says we'll see a significant boost in storage as well as a departure from Apple's silver, black and white iPhones of years gone by. According to the latest scuttlebutt, there's gold-colored iPhone on the horizon. Previous rumors have said that Apple would release a cheaper version of the iPhone in a range of colors, but this particular rumor involves the iPhne 5S.

Multiple news sites report that Apple has a gold iPhone 5S in the works. These include smaller sites, like iMore, as well as bigger names, like the Wall Street Journal's All Things D. Each quote their own sources that say Apple's gold iPhone is real. The latter cites people in the know that say its an 'elegant gold tone' and it will be offered alongside the black and white models.

MORE: Top 12 iPhone 5S Rumors

But let's forget about the outside and think about the inside, because color aside, there's another interesting rumor about the iPhone doing the rounds this week. CultofMac reports that German retailer Media Markt recently added a 128 GB black iPhone 5 to its inventory. Though the screenshot mentions the iPhone 5 as opposed to the as-yet-unconfirmed iPhone 5S, it hasn't stopped people speculating about an upgraded iPhone 5.

The rumor mill already has Apple announcing a cheaper, plastic iPhone 5C, as well as the gold, black, and white iPhone 5S. Are we also going to see an upgraded iPhone 5? Apple is known for keeping its product lines fairly simple, so it doesn't seem likely, but AppleInsider quotes KGI analyst Ming-Chi Kuo as saying it's the iPhone 5S that will be offered with 128 GB of storage. Considering the number of 128 GB smartphones currently available is rather thin on the ground (cough), a 128 GB iPhone would certainly give Apple something to brag about. It's also been a year since Samsung announced that it was mass producing 128GB NAND chips for smartphones and tablets, so it's not an unreasonable ask from the technological side of things, either.

Apple is expected to announce its new iPhone on September 10, though the company has not yet announced any events.