There have been reports around that is hinting that the iPhone 5S could be launched as early as the 1st half of 2013 along with many other apple products. 

This news comes from China Times via the website 9to5Mac who cites industry sources claim that Apple will release the iPhone 5S next year, along with a new iPad which possibly could be the mini iPad with the retina display and “iTV” hardware, which could be an updated version of it’s Apple tv box.

It seems more than likely that Apple has reduced its produce cycle to 6 months. Evidence of this come with the newly released iPad 4 which was released in November, which was only 6 months after the iPad 3 was released with a retina display.  Apple have probably decided to do this, because it has been seen to be falling behind on innovation. This approach will give them more opportunity to catch up with the opposition out there such as Samsung, who are rumoured to be releasing the Galaxy S4 around April in 2013.