Although Apple has not released any news about an iPhone 5, there is a lot of speculation about it. The iPhone 5 is anticipated to be released in the summer of 2011, coinciding with Apple’s traditional June-July annual release of new iPhone models. January 2011 is another possible release date, enabling Apple to release an earlier fix for the antenna problem that has been a problem with the iPhone 4. Although that fix could be in another iPhone 4 version rather than an iPhone 5.

Some rumored features that the iPhone 5 may contain are an improved operating system, (iOS 5), ability to access 4G networks, a faster processor (1.5 GHz), improved battery life (up to 14 hours talk time on 3G and 7 hours on 4G), and additional carriers besides AT&T (Verizon is a possible carrier soon to be iPhone compatible). Video chat, which is now only usable on Wi-Fi, should be available on the 3G and 4G networks. Face recognition and higher video resolutions will also be new features. An eight-megapixel camera is supposedly in development for the iPhone 5.

The new iPhone 5 may be radio-frequency identification (RFID) enabled. With RFID, the iPhone could function like a credit card.