The next iPhone might be just around the corner.

According to AllThingsD and a handful of other websites, sources indicate that Apple will unveil plans for the next iPhone at an event on Sept. 10. Apple declined to comment on the rumors when reached by ABC News.

The world is anticipating the specific details of Apple's new phone options, which have been a hot topic of debate on social media. Many rumors have hinted that Apple will be releasing two new iPhones -- dubbed as the 5S and 5C. The 5C is said to be a cheaper option and made of plastic as opposed to the usual metal and glass. The plastic phone is rumored to be available in a variety of colors. The more expensive 5S would cater to more affluent consumers. The new phone is expected to have a similar design to the iPhone 5 but will have a fingerprint reader and a slightly improved camera.

Apple's plan to make two different iPhones is not seen as very surprising but rather as a way to keep up with the global smartphone market. Competitors such as Samsung already have smartphones in place that are made from cheaper materials; it appears that Apple has taken notice. No word on whether the two different phone options will affect Apple's current policy of selling older iPhone versions at a discounted price to provide more options for customers.

Apple is also expected to release details about the upcoming version of the iPhone and iPad operating system, known as iOS 7. Consumers who already have an iPhone 4 or later will be able to download iOS 7 as a free update. This will also be available for the iPad 2 or later, iPad mini, and the fifth generation iPod touch.

AllThingsD said that there has been increasing pressure on Apple to release products at a faster rate, and Apple's board members have apparently echoed these concerns.

Despite all of the rumors leading up to the event in September, Apple has yet to confirm any details. Check back for the latest infomation as it becomes available.