Does Apple need to enter the larger smartphone market? That remains up to debate, but apparently at least a few folks inside the Cupertino campus think it needs to be done. The company is allegedly gearing to launch an iPhone with a 4.8-inch display sometime in the future, and Jefferies analyst Peter Misek thinks it will hit the market not this year, but instead in 2014. This, of course, means it will launch probably as the iPhone 6 (or another moniker) and after the iPhone 5S.

Misek believes Apple needed to push the phone out of a 2013 launch window because of possible bottlenecks related to hardware production. "We think in-cell is having difficulty ramping to 4.8″, which is making Apple look at switching to on-cell (a different integrated touchscreen technology) and OLED (despite Apple's suppliers being well behind Samsung in their OLED capabilities) or IGZO," Misek said.

Misek also suggested Apple will move to a quad-core or octa-core smartphone and will launch a brand new version of iOS that's capable of taking advantage of those added cores. "Also, we believe the way iOS interoperates with iCloud, gesture controls, and advertising will be substantially upgraded," he added.

This is all amid additional rumors that Apple has an iTV event scheduled for March, also a report from Misek. It seems like there's certainly something big coming soon.