The yet to be released Apple iPhone 5 looks and cost will definitely surprise many of us. This is because there are a lot of speculations surrounding the features on the new iPhone 5. Although the phone is expected to be released any time soon, there is still no official communications from its manufacturer Apple on when this will be done although there are a lot of speculations of the possible release date. According to these sources, iPhone 5 is due to be launched this summer, which is renown of Apple’s tradition of June-July release dates.

Towards the end of last year, speculations were ripe that iPhone 5 was scheduled to be launched in January 2011. This never was. The release of iPhone 5 can offer an opportunity for Apple to rectify the fault in the iPhone 4 antennae. There is also a great possibility that giant iPhone manufacturer may also opt to introduce a different model of iPhone 4 with a rectified antennae instead of waiting to install it on the fifth model or coming up with the new model altogether.

Preliminary indications illustrate that iPhone 5 will no doubt have an outstanding better operating system, which will have the capability to access 4G networks. The said operating system will also have a much powerful and faster processor of up to 1.5 Gigahertz (GHz) supplied with an improved and long lasting battery which is capable of lasting up to 14 hours of talk time on a 3G and seven hours on AG.

A part from AT & T, the iPhone 5 model will also have more carriers with indications pointing out that Verizon could be another career. It will also be possible to have a video chat on 3G and 4G networks. This technology at the moment is only possible on Wi-Fi. The groundbreaking face recognition coupled with a high video resolution may also be integrated with the latest features. The five-generation model may also have a powerful eight-mega pixel camera as well as with radio frequency identification.

Interestingly, it may be possible to use iPhone similar to the way you use your credit card. If this becomes a reality, the waiting in the que at the checkout will be a thing of the past. Payments of bills may be done by simply waving your latest patented yet to be introduced Apple technology. In addition, iPhone 5 may have a memory of 64 GB. It would also have more memory space compared to that of its predecessor, iPhone 4 which is only 60 GB.

Speculations are also rife that, the iPhone 5 will be slimmer and thinner than iPhone 4. Its casing will be a shiny glass back piece with a scratch and shatterproof screen. It will also be possible for the mobile phone users to assign a tone of his or her choice to a specific email accounts. The iPhone 5 will also come with an inbuilt GPS too.