Apple is likely to dispose of the 16GB iPhone following the launch of an entry-level 32GB iPhone 6S model. 9to5Mac reports that an anonymous source told Korea Times that it makes sense for the Cupertino-based tech titan to get rid of the 16GB model, as it is planning to augment the storage capacity of all its new models.

According to IB Times, on Sunday, The Korea Times quoted an anonymous source as saying, "Apple plans to increase its shipments of the mid-range iPhone models with larger capacities amid growing consumer demand for data-intensive features, including cloud services."

This change could start with the rumored iPhone 6S, the report added.

However, the cloud does not essentially suggest that iPhones require additional memory. During the company's annual Worldwide Developers Conference (WWDC) in June, Apple senior vice-president Phil Schiller noted that cloud services are opening up space on iPhones having less storage capacity - like the 16GB model. According to Schiller, saving money on memory enables Apple to upgrade other sections such as the cameras.

At present, Apple's iPhone 6 models are available in 16GB, 64GB and 128GB. The company dropped the 32GB storage after the iPhone 5S. It is reported that Apple has also commenced production on the next-gen iPhones, and an official announcement in this regard is expected in September.

The report in Korea Times also claimed that currently Samsung is negotiation with Apple to provide the Flash memory storage for the next-gen iPhones. However, a deal in this regard is yet to be made owing to continuing talks regarding price and guaranteed shipments. According to another anonymous source, currently Samsung is testing its chips for stability as well as durability prior to an initial shipment.

9to5Mac reports that currently SK Hynix, SanDisk and Toshiba are supplying the Flash storage for the iPhone 6 models.