Apple's next iPhone will be called "iPhone 4S," not the iPhone 5, and, it will "include minor cosmetic changes, better cameras, A5 dual-core processor, and HSPA+ support," according to "industry checks" by Jefferies analyst Peter Misek.
Business Insider reporting that;
Apple was prepared to work on the iPhone 5 which is expected to include 4G connectivity, but the chipsets needed for the production were not yet available in high enough quantities so the company backed off of the complete redesign and instead are releasing a smaller update to the phone.
Also of note is that the phone is expected to land on both the Sprint, T-Mobile, and China Mobile, in addition to AT&T and Verizon.
That would give all of the major carriers in the United States access to the popular mobile device, although AT&T is currently in the process of trying to acquire T-Mobile.
[Via: Business Insider]