The upcoming iPhone 5 is already being a hot topic all over the world. Bloomberg makes some speculations about the specs of it.

It will be called iPhone5 - iPhone 5. It will have an A5 processor and 8MP megapixel camera. It will also come up with the upcoming iOS5 (iOS 5).

The new handset will have a similar design to the iPhone 4. Along with iOS 5, iPhone 5 will be released in September.