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Makes sense, it seems the perfect time to offer 128GB.

16, 64 and 128 are good options.
 
You forgot to add "Analyst says" at the beginning of your thread title. Don't make it sound like it is confirmed.
 
I don't think there will be 128GB versions of either phone. Apple is too invested into iCloud.

They can make money from iCloud, but they can also make money selling a 128GB of the device.
Since they sell a 128GB iPad I don't see why they shouldn't sell an iPhone with a larger storage.
They may keep 4 price tiers, so from 16 to 128GB, but I hope they'll just double the storage space so 32, 64 and 128
 
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