The iPhone 5S is scheduled for release sometime in mid-2013, according to a report from Taiwanese tech site Digitimes. The report mentions anonymous Apple employees saying that the iPhone 5S will be released in the middle of next year.

"Apple is expected to introduce its next-generation iPad and iPhone series around the middle of 2013, which will boost demand for ICs in particular communications related chips during the latter half of the first quarter, according to the observers," the site reported.

This news comes on the heels of another big story from Digitimes that reported that Apple is beginning trial production of the iPhone 5S next month. Apple is looking to manufacture between 50,000-100,000 units of the iPhone 5S.

The next generation iPad is also rumored to be debuting in mid 2013 alongside the iPhone 5S. This will no doubt enrage many consumers who already feel that the rollout of the latest iPad with Retina Display came too quickly after the release of the iPad 3.

DigiTimes based its projections on reports from Taiwan Semiconductor Manufacturing Company and Advanced Semiconductor Engineering, manufacturers of components for Apple products who are both anticipating large-scale component orders from Apple in March or April of 2013. This suggests an iPhone 5S release date in May, June or July.

For more on the iPhone 5S and iOS 7 click here.

If the release happens as rumored then it marks a shift in Apple's development strategy. Traditionally, Apple rolled out new products once a year, but the new iPad release this year was just six months after the previous verison hit stores. This could mean consumers can expect to see new Apple products every six months, but the question remains as to whether or not they'll buy them. A lot of iPad owners were upset by the quick release of a newer, better device just six months after they shelled out hundreds for what was supposed to be a cutting edge tablet. The backlash on iPhone users could be just as severe.

However, sales of the new devices have been robust. According to Morgan Stanley analyst Katy Huberty, the ipad Mini and iPhone 5 have triggered a surge in sales for Apple in the final quarter of 2012. She expects Apple will ship even more than the Wall Street projections of 46 million iPhones and 23 million iPads this quarter, followed by 43 million iPhones and 19 million iPads next quarter.

No official word from Apple has come regarding the release date or any specs for the iPhone 5S, although rumors suggest it could feature a brand-new A7 processor. Whether or not Apple fans will jump on a new iPhone so soon after the iPhone 5 release remains to be seen, but Apple certainly hasn't showed any signs of slowing down when it comes to sales and profits.