Apple's success with the new iPad has many people speculating about the next Apple product to be released. Many people are now anticipating the release of Apple's iPhone 5 which is rumored to be released before the year ends.

So far, Apple has not confirmed any of the rumors released regarding iPhone 5. Though that is the case, there are still countless rumors and news reports which focus on the possible features and specification of Apple's iPhone 5. Here is a summary of these news reports:

Product Name: The newly-launched iPad did not receive any "number" at the end of its name and this format could be possibly applied with the next iPhone. The last iPhone was named as iPhone 4S but the latest iPad that would be launched could adapt the name "new iPhone" as speculated by industry experts.

Dimensions and Screen Size: There are various news reports which state that the iPhone 5 will be thinner and slimmer as compared to its predecessor, iPhone 4S. Apple is also rumored to utilize a new touch-panel technology or a new casing technology for this iPhone model. In regards to screen size, there are various reports stating this new iPhone model will have a 4.6-inch screen as opposed to the usual 3.5-inch screen. This rumor was based on a South Korean news report which states that Apple is now putting on orders with suppliers for a 4.6-inch Retina Display.

Additional Features: The new iPad now comes with 4G LTE features and the same can be expected with the next iPhone model. This means that iPhone users can now have Internet access at their convenience but users should be warned that this additional feature can come with a heftier price tag. Aside from 4G LTE, the new iPhone model could also utilize NFC (Near-Field Communications) which makes it easier to do mobile payments.

Faster Processor: The new features that are reportedly included in the new iPhone would mean that it would utilize a faster processor in order to support the rumored features. Instead of the usual A5 processor, there are rumors mentioning that this new iPhone model will utilize A5x or A6 processor in order to support these additional features.

Release Date: As mentioned, many people as well as experts are expecting that Apple will release iPhone 5 before the year ends. The rumored release date is around June which is the same release date for previous Apple gadgets. There are also rumors speculating that Apple would release the new iPhone model during the Worldwide Developers Conference which is scheduled to take place around June 10-15.

The information and data listed here were just based on different news reports and rumors about the new iPhone from Apple. As mentioned, Apple has not confirmed nor denied these specifications so there is still a possibility that the new iPhone model could come with these features.