According to new information from the China Times translated by BrightWire, Apple is planning to release the iPhone 5S alongside a larger phone, deemed the "iPhone Math" by the report.

Because the iPhone Math name is highly unusual and does not fit in with Apple's traditional naming scheme, it is not clear if it is a code name or a potential mistranslation, although the actual "iPhone Math" terms appears in English in the China Times report.

China Times says that the larger phone will come equipped with a 4.8-inch screen and an 8-megapixel camera. It is said that it will launch in June alongside an updated iPhone 5, which will also feature an 8-megapixel camera. An additional iPhone update is said to be coming during the holiday season, with a 12-megapixel camera.

Though the report contains detailed information on suppliers, manufacturers, and production times, it is difficult to believe that Apple will produce a bigger iPhone and that the company will release two iPhones in a six month time frame.

The shipments for components, including touchscreens and cameras, will start rising significantly in March, and iPhone manufacturers will begin production in late April. Hence, Apple's suppliers will see major growth in 2Q 2013. Hon Hai Precision Industry Co. Ltd. will undertake 90% of the manufacturing orders, and Largan has received orders for 8 million camera lenses. Fujikura, Flexium and Zhen Ding will share production orders for printed circuit boards. Foxconn Technology and Coxon will provide molding parts for Apple's new models; Foxlink will continue to offer connectors; Hon Hai Precision's Microelectronics Technology will start designing 4G network solutions for Apple.

This is not the first rumor that has featured a larger iPhone. Jefferies analyst Peter Misek first reported in December that Apple was working on an iPhone with a 4.8-inch display, but just last week noted that he has seen no further signs of the device. Digitimes also reported in early January that Apple was working on a bigger, more affordable iPhone that was targeted towards emerging markets, and analyst Brian White suggested that Apple might be considering launching its next iPhone in multiple sizes.

While rumors from the The Wall Street Journal and Bloomberg support the introduction of an additional iPhone at a lower cost, the device is said to be smaller, not larger.

As we noted the first time the 4.8-inch iPhone rumors emerged, Apple has just increased the size of the iPhone with the iPhone 5, and may be reluctant to face the same resolution and pixel density obstacles attempting to create an even larger iPhone.