Apple working on a 5.5" phablet, could it be iphablet?

A new report has recently came out of Taiwan confirming that Apple is currently working on two new devices. One of them is presumably the Iphone 6 with a 4.7" display and the other one could be the larger version of the Iphone 6 with a 5.5" display. Last year, Apple launched two successors of the Iphone 5. One was the Iphone 5S just like the previous successors. And the second one was Iphone 5C which was a mid-ranged device with low specs introduced by the company for the first time. Iphone 5S was successful just like expected but Iphone