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According to one anonymous rumor Apple had a completely new iPhone 5 ready. It had all the necessary features and a bigger screen. It is said that Steve Jobs firmly believed that changing the screen size will ruin his most beloved iPhone.

Though many expected the next generation iPhone with the new form factor which is called iPhone 5 to appear this year it didn't. Instead, the 4S made its appearance. Now iPhone enthusiasts expect the phone to appear next summer with a lot of new features on design shape and performance.

Since it is customary for new version of a smart phone to have a new operating system, iPhone 5 has to come with iOS5 which is Apple's new version of their operating system. It will provide the necessary processing speed and a lot of other features. In case, the new phone comes with the new operating system it is going to have 200 new features according to Apple.

A panoramic camera is going to be incorporated into iPhone 5. This was found when a hacker managed to penetrate the software that is being used by the smart phone.

Apple is making lots of improvements to the iPhone 5 they are developing at the moment. Camera is one of the components that are getting updated with a lot of new features. It is rumored that it is going to be one of 10 megapixel resolution. The latest information is that the camera of the new phone is going to be equipped with highly futuristic technology. The technology that involves an infrared sensor, a transmitter along with the relevant code is able to make the camera to decide what to do when it is exposed to certain conditions.

There are rumors that the new iPhone 5 will come with a bigger screen than the present iPhone 4 screen of 3.5 inches. Also it will come with a faster data transfer rate. It is said that the new smart Phone is going to have HSPA+ support. Phones with this standard could download at a speed of 21 Mbps instead of the 7.2 Mbps attained by those use HSDPA technology.

Speculations about iPhone 5 have made some believe that Apple is afraid of releasing the next generation phone for two reasons. One is that they are not capable of creating the innovations that they anticipate. The other is that if they innovate and make an up-market product, probably they will alienate the mainstream customers who have faith in their products.

It has become imperative for Apple to come out with a better processor as Samsung Galaxy SII is equipped with a dual core processor. The likeliest one to be used in iPhone 5 is the processor being used in the iPad 2 at the moment. It has a speed of 1.2to 1.5GHz.

If you are one of those iPhone enthusiasts waiting for the release of iPhone 5, you may be taken by surprise to hear that your latest smart phone will be released only in 2013 and not in 2012 as most enthusiasts of the brand are expecting. This is the latest iPhone rumor.

While Apple keeps the iPhone enthusiasts guessing for their iPhone 5 release date, most of those who are awaiting for the release of the phone think there will be improvements in the new phone to come in relation to the last release of iPhone 4S. The most important improvement they believe will be on the battery life. Though the iPhone 4S has 8 hours of talk time, most people believe that it will be improved. The present day 4S has Apple's A4 processor which is fast but users want a still faster A6 processor in order to achieve speedy browsing.

With such a lot of rumors being there the experts expect the new iPhone 5 to be an entirely different phone. They believe it will be similar to the jump iPhone had from iPhone 3 to iPhone 4. Apple always made big changes with its updated versions of iPhone until the 4S which was very much similar to iPhone 4, arrived.

Faster processing speed is something that every smart phone lover wants. Competitors of iPhone 5 have already started manufacturing their phones with dual core processors. Samsung, Motorola and LG are among the main competitors for the iPhone that is to be released soon. In order to stay clear of the competition, Apple needs a hardware upgrade with its new phone.

Once it was reported that cases for iPhone 5 are in the market already though no one has seen the phone yet. Also there was an occasion that a spare part for the same is being available. It is an important component of the phone. Called the proximity light sensor cable, it is the part that is responsible for sending the screen dark as you bring the phone close to your face to talk.

With all the rumors we hear, iPhone 5 is going to have a 4 inch retina display. Some expect it to have a curved glass display which is better on preserving privacy. However, it has to incorporate better technology as its competitor Samsung has already done it with its AMOLED plus display.

Memory is going to be an important aspect for smart phones these days, especially with iPhone. With so much to store and so many software programs to run, it is a must to have good disk space. You get 16 and 32 GB versions in iPhone 4. It is believed that iPhone 5 will have 16GB, 32 GB and 64GB versions.

Improvements that are going to be incorporated into iPhone 5 are many. One of the interesting features that are going to be there is a projector that is able to project pictures, images and anything else from inside the phone on a screen or a wall. However, this is not a surprise as it has been already incorporated in their phones by Samsung.

Display of iPhone 5 is one of the most debated subjects depending on rumors. Some people believe that the new phone will have a 4 inch screen and it will be flexible. There are others who believe that Apple will stick to the old school of 3.5 inch screen. There are still others who believe that it will be a compromising 3.7 inches diagonally.

Gaming websites have become the latest speculators on iPhone 5 these days. They are of the opinion that the flexible display is going to be useful for playing games. In case Apple is going to use their iOS5 or 6 in the new phone, it will become the ideal phone for the gamers.

The rumor that Apple has lost its prototype of iPhone 5 was taking it rounds for a couple of months now. Only now some of the information about the lost phone is surfacing. An unconfirmed source came out with the news that he handled the phone and also has revealed some of the features.

As year 2012 approaches, more and more iPhone rumors appear in both print and digital media. One that has appeared recently is about the screen size of the new iPhone 5 that is going to be released in 2012. Up to its latest released version of iPhone 4S iPhone never changed their screen size though other phone manufacturers opted for bigger screens.