Next iPhone might actually be called iPhone 4S instead of iPhone 5, and the rumors are taking shape as the date of announcement approaches.
iPhone 4S, 5 Specs, Features
In september, Apple is going to announce the new iPhone with a bigger and better display. Display would reach the corners, giving a bigger screen without actually compromising on iphone’s size.
On the Processor sides, its evident that it would get the iPad 2’s A5 processor (1 Ghz dual core) and probably more RAM.
It would get a camera upgrade to 8Megapixels and may or maynot get 1080p fullhd video recording.
However, there are little chances that there would be any change in design. If they happen, the would favor the iPod tocuh’s sleeker design, giving iPhone the original smooth curvy design replacing the current brick design.
Here is a video that summarizes all the rumors into one place: