US-based smartphone maker Apple is expected to announce the iPhone 14 series in or around September and it is likely to modify the A15 chip and rebrand it as the A16. 

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A15 chip is based on the 5nm processor. 

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"According to GizmoChina, the actual new chip could be labelled as the A16 Pro, which will likely be reserved for the iPhone 14 Pro and iPhone 14 Pro Max, the news agency IANS reported.

Analyst Ming-Chi Kuo said that the 6.1-inch iPhone 14 Pro and the 6.7-inch iPhone 14 Pro Max will get the A16 chip, while the 6.1-inch iPhone 14 and the 6.7-inch iPhone 14 Max will retain the same A15 chip from the iPhone 13 series. Kuo believes all models will have 6GB of memory, the Pro models will use LPDDR5 and the non-Pro will use LPDDR 4X, the report further added.

As per the report, the upcoming iPhone 14 Pro models will feature both hole-punch and pill-shaped cut-outs near the top of the display.

The hole is believed to be for the Face ID dot projector, while the pill-shaped cutout will supposedly house the front camera as well as Face ID infrared camera at a minimum. The Pro models would come with a big camera upgrade. Current Pro iPhones ship with a 12MP camera on board. However, iPhone 14 Pro models will feature a 48MP camera.

Apple has reportedly advised major US carriers to prepare for the launch of eSIM-only smartphones by September this year. It is possible that Apple might remove the physical SIM card slot starting with some iPhone 14 models, rather than some iPhone 15 models as originally rumoured, IANS report noted.