iPhone 5 Now Coming in August As A "Major" Upgrade?

More rumours about the iPhone 5 and how and when it might turn up; "a reliable source" has told the equally reliable technology website, BGR, that Apple's followup to the iPhone 4 will have a completely different chassis.

BGR said that the company may release the phone at the company's annual September Event where Steve Jobs presented the new iPod line up, the new Apple TV and iTunes 10 (ed: there was also a special event in October 2010 where the new Macbook air and the new iLife was unveiled).

The site's source also added that Apple may hold an event in August to announce the new iPhone, roughly two months after we'd expect the smartphone to go on sale.

What can be expected of the new iPhone 5? Well we're sure that it will come with the new iOS 5 operating system, the upgraded A5 system on chip which combines two ARM Cortex-A9 cores clocked at 1GHz with the PowerVR SGX 543MP2 GPU and a new battery solution inherited from the iPad 2.

Also in the offing will be that new baseband chip that will allow the iPhone 5 to be the first true world phone of its category and will allow Apple to launch the handset simultaneously in a number of territories.

Speaking of the launch, we believe that Apple will launch the iPhone 5 in more territories this time around, in contrast to how it was done with the iPhone 4.