The most popular brand of Smartphone, which particular is believed as dream to own phone, among young and professional Smartphone lovers is Apple iPhone. The reason for the popularity is due to multiple applications experience, which is user-friendly and flexible to access. There are numerous new feature added in each new version, which make it unique from time to time. After the success of iPhone 4, which have some amazing features there are numerous predictions and rumors on the next release of iPhone. This new generation Smartphone is expected to be sleeker than the present version and display screen is comparatively larger in size. Even the picture clarity is rumored to be high, because of 8mp in-built camera that adds more style to the iPhone. As the installation of applications increases, the need for long battery arises, which is a major concern for many Smartphone users, that was consideration by Apple and a more advance battery backup system is provided in this version. With so much of stories in the iPhone market, smartphone lovers are curious to find out what Apple is going to add in its new version. According to rumored information the expected release of iPhone 5 is extended to September 2011, which may have following specifications and features:
Apple iPhone 5 Specs and Features:

Design:
Sleek body and Shiny glass back that is 9.3 mm thicker. Hence when compared to previous models this model can be thinnest of all. Multi-touch display, with have highest-resolution phone screen, that is pleasant to eye. The body is Ultra-durable and scratch proof glass body, which is recyclable too. Comes with OLED screen, which is Shatter Resistant and Scratch Resistant. The expected new version of iPhone is same in size compared to previous versions. But there is slight alteration in the display screen size, which is widened to experience big and clear picture. There is also expectation that signal problem which is a big issue in iPhone4 cannot be there in iPhone5.
The rumor is the new version will be gesture based, with the absence of Home button due to improvement in gesture based controls, which is one of the most important specification changes from previous versions.
Network:
Video chat on 3G and 4G is possible and is not restricted to WiFi network compared to previous versions. Which means, iPhone5 is 4G friendly too, a surprising thing for iPhone fans. Messaging, chatting, videos and Internet browsing will be much faster now. There is also buzz that CDMA and GSM facility will be there, which will suit any network provider. Wireless sync with iTunes can also be an added. Avoid downloading GPS application as iPhone 5 is expected to have in-built In GPS feature. The 3D display is expected to be introduced, for better viewing in gaming and animated movies. This will be good news for game lovers too.
Camera:
A high-definition photos and HD video can be taken, with the upgrade 8 MP camera in iPhone5. The previous version offered only 5MP resolution images, which is less compared to new version. Due to more resolution and LED dual flash, user can experience HD images and video of high quality. There is already a front view camera introduced in previous version, which is very useful in self portraits and video recording. Quiet essential security feature is Face recognition option; this facility can be used as password for locking the phone from unauthorized access.
Storage Capacity and Processor:
The present versions of iPhone have 16 GB and 32GB variants, which is expected to increase in the new version. The new version is believed to have 32GB and 64GB variants, which is quiet impressive. The RAM capacity is also about to increase from the present 512 MB to 1GB. The performance of the new version iPhone is going to be increased due to introduction of dual core processor.
The new A5 CPU will make the iPhone 5 to become faster and also much better 9X graphics speed without more power consumption. It is also believed that Micro SD card slot, HDMI port will be added for connecting with high definition TV due to this new processor. The picture, video quality will be outstanding due to this processor.
Operating System:
The new version of iPhone is expecting update in operating system too. Dynamic mobile OS which has multitasking capability than the present version, IOS 5 is going to be introduced. There will also be flash support browser added to iPhone5 which was lacking in previous version. So what is so special about IOS 5, is the gesture based control technology which is easier to use. However, the home button will be missing when compared to previous version.
iCloud is the next attraction to be added which is all about sync, generally done for iTunes, where connection with device is needed. This process is not need now, with the introduction of iCloud button that does the process just in single click of the button. Apple is havinge high expectations in the success of iPhone5 due to these features, especially on its cloud-based media service, the iCloud.
The added IOS 5 is also bringing HDMI output, which is give high definition video recording facility. Though previous versions of iPhone have HD video recording, there may be extended benefits in the newer version.
Battery:
As the applications increase, the power consumption will be more, so as the battery backup should be more. Though the power consumption is less in case iPhone 5, due to the new A5 processor, the battery life is extended, by providing advanced battery feature. Compared to previous version of iPhone, the iPhone5 is having 3G and 4G features, which consumes battery. Keeping this in mind, talk time upto 14 hours on 3G and 7 hours in case of 4G is given. Whereas, the standby time of iPhone5 is expected to be 600 hours, to increase its battery life. The previous versions have comparatively less battery time than iPhone5. Hence, it will be easy for people to stay connected for long time, even while travelling.
Though, all the specification is just stated according to predictions, we may expect something new from time to time from Apple. Buzz in iPhone market also says that cheaper iPhone models can also be introduced by Apple. However, it is better to wait until it is launched.