Many are finding it hard to contain their excitement over owning the latest Apple models. But the big question is how much will these new devices cost, especially when considering the different memory storage options? Another question would be whether to buy it with a contract or without?  

According to Romain Dillet of Tech Crunch, both the iPhone 5S and iPhone 5c will cost $199 and $99, respectively, and will be made available by Sept. 20. The iPhone 5S will have a price range as follows: $199 (16 GB), $299 (32 GB) and $399 (64 GB).

Apple seems to be running after greater market share with the launch of the iPhone 5c. Apple certainly aims to get more sales and earnings with their new lineup of phones.

The iPhone 5 will be discontinued, while it is reported that the iPhone 4 unit will be offered for free with every 2-year locked-in contract.

There is still no news about pre-orders for iPhone 5s, but it will be made available in stores by Sept. 20.