The smartphones will be unveild at an event at Apple’s Cupertino, California headquarters. Analysts expect the higher-priced model to be an improvement over the current iPhone, including a faster processor and better camera flash as well as a fingerprint sensor for security.

The second iPhone is expected to be a cheaper version of the soon-to-be-outdated iPhone 5. It will be coming in a variety of colors with a plastic case instead of aluminum. Analysts expect the full price of the lower-cost iPhone to be USD 300 to USD 400.