KGI Securities analyst Ming Chi Kuo has been fairly accurate in his predictions when it comes to Apple’s product pipeline, and in his latest research note obtained by MacRumors, he says an 8GB iPhone 5s may debut at WWDC 2014 to target emerging markets:

As iPhone 5S is a highly popular model, we predict Apple may launch an 8GB version to boost market share in emerging markets.

Apple recently debuted lower-cost versions of the iPhone 5c in 8GB in various parts of Europe this year and more recently in India. Could slightly cheaper versions of the flagship iPhone 5s also be thrown into the mix? It would make sense.

Beyond this prediction, Kuo also states lower cost iMacs could also be introduced at WWDC, following up on earlier rumours today that suggested new models are on the horizon based on delayed shipping dates of existing models.

Also worth noting is a beta build of OS X Mavericks 10.9.4 also found references to three new models but was subsequently pulled.

WWDC 2014 is set to take place on June 2, with its opening keynote to be live streamed by Apple at 10AM PDT.

Update:: Jim Dalrymple from The Loop has crushed this rumour with a “Nope”.