The iPhone 5 will feature a new version of Apple's mobile phone software that includes a new feature called iCloud, it has been suggested.
Jason Jenkins, the editor of technology review website CNET UK, explained that the iCloud will allow users to copy photos, apps, contacts and documents between any compatible Apple devices, wireless communications device users may be interested to learn.
"It is likely to feature a faster processor called the Apple A5," he remarked.
"If Internet rumours are to be believed, the screen will be slightly larger than the one on the iPhone 4 and will be an 'edge-to-edge' design."
Added to this, Mr Jenkins said that the new device is likely that the camera will be upgraded to eight megapixels.
The launch of the new iPhone will be critical to Apple, which recently announced the departure of chief executive Steve Jobs, the man many experts consider to be the driving force behind the firm.