Just when you think that iPhone news cannot get anymore complicated, it does and its happened a lot.

I’ve been convinced for the last couple of weeks that Apple would be releasing, not one, but two new iPhones two the public in the coming weeks. There would be a budget iPhone 4S and then a major hardware upgrade in the iPhone 5. While many people and sources have said this, there was one today that said that Apple would only be releasing one iPhone in the coming weeks.

Brian Blair, an analyst of the industry says that Apple will only be releasing oen iPhone in the coming weeks and that to most of us, it would be the disappointing 4S upgrade.

“We expect the focus of the new iPhone will be iOS 5, a speedier A5 processor and a higher resolution 8 MP camera with a small possibility of a larger 4 inch screen,” Blair wrote. “We believe the casing will be largely similar to the iPhone with some particular modifications to the antennae [sic]. We don’t expect a second, dramatically different iPhone to accompany this as we don’t think Apple needs to have 3 models in the market to address the high end, mid-tier, and low end since the iPhone 4 (with memory lowered to 8GB) will drop to $99 and effectively attack those markets.”

So what do you think Apple will do with the release of the next iPhone?