Analyst Daniel Amir from Lazard Capital markets told CNET in an interview that he expects Apple to release a 32GB iPhone next June. Among the 32GB iPhone, a low-end version is also expected for developing countries such as China, Russia, Brazil and India.

Production is anticipated to begin in April and ramp up in May, and the new phones could be announced in June, Daniel Amir, a Lazard Capital Markets analyst, said in his report.

He noted, however, that the low-end version may only be available in the fast-growing, emerging markets of Brazil, Russia, India, and China, while the high-end version is expected to make its way to North America and Europe.

The low-end version is expected to run on a 3G network, rather than on Wi-Fi, while the high-end version is anticipated to double its storage capacity from 16GB to 32GB of NAND flash memory and feature improvements to its camera, Amir noted in his report, citing checks with Apple’s iPhone channel partners.