A note from JP Morgan to investors stating that Apple will release two new iPhone models this fall with the name iPhone 4S and the iPhone 5.

JP Morgan analyst Mark Moskowitz, also said that the iPhone 5 will be the global smartphone with support for GSM and CDMA networks.

Moskowitz also believes that the successor to the iPhone 4 will have a much thinner and lighter weight. Added its successor if the low version of the iPhone 4 will be called the iPhone 4 Plus and not the iPhone 4S as reported previously.

''We believe that investors should prepare for positive surprises on iPhone sales this quarter and next quarter.''