According to reports – Apple iPhone 5 is on the way to be released in September 2011. Sources say that it will have same form factor as of iPhone 4, with Camera could be 8 Mega Pixel (iPhone 4 had 5 MP Camera).
Sources say it could be called iPhone 4G or iPhone 4S, while another iPhone could be released after that in 2012. Some reports suggest that iPhone 5 will have an A5 processor like in iPad 2.
Apple iPhone 5 version will have latest Apple iOS 5, which includes the iCloud capability, allowing users to sync data between different Apple devices, updating phone without PC connectivity, twitter and photo sharing etc.
These reports are coming rapidly now on various news websites. While we know Apple’s behavior to play it cool. That’s why fans would have to wait and see how much of this is true.
Further discussed at iPhone 5 Forum.