Reports indicate that China Telecom is getting ready for a two-phone launch in October. (© YURIKO NAKAO / REUTERS)

The report comes from, via Paczkowski, saying that China Telecom is preparing to launch a high-end iPhone 5 and a “simplified” iPhone 4 aimed at the lower-end of the smartphone market.

China is one of Apple’s fastest-growing markets, the company’s COO and acting head Tim Cook said in the latest earnings call. Cook has also said that Apple is looking to make the iPhone available to more people, so it wouldn’t be shocking to see a simplified iPhone on the market.

Apple started selling unlocked GSM iPhones in June, making it possible for users to buy the phones straight from Apple to go onto AT&T or T-Mobile in the United States. Those phones, of course, didn’t come cheap, but are compatible with any GSM carrier in the world.

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