AppleInsider relays the Chinese report:
Unlike the current iPhone 5, which requires different models for separate carriers with unique LTE frequencies, the so-called "iPhone 5S" is expected to be a world phone that will add compatibility with new carriers, including China Mobile.
As for the cheaper iPhone, Friday's report claimed it will not be a world phone, and will only support the frequency division duplex (FDD) flavor of LTE. China Mobile's network uses time division duplexing (TDD) for its LTE network.
Although it's widely expected that Apple will release an iPhone 5S this year, it's still unclear if or when the company will release a lower cost device for emerging markets or a larger device to compete against the huge Android phones flooding the market.
Read More [via AppleInsider]