Rumor mills aren’t exactly the most foolproof source of extracting information. However, they sure as hell whet your appetite about whatever you’ve been scouting. Even so, when your intended target is to dig out information from the realm of the iFrontier, the aforementioned mills can blow the lid off the roof of expectations. Now, with the hype surrounding the latest iPad release, beginning to go down a few notches, all eyes – from teens lusting after the latest iPhone launch to anxious fathers calculating the potential dent to their savings account – are firmly on the launch of the iPhone5.

Bigger is the new better

If the rumors are anything to go by, and they usually are when leading publications like Washington Post and Chicago Tribune expound them, the iPhone 5 will feature a 4.6-inch screen – a 31% jump from the previous 3.5-inch display. The move is being touted as Apple’s proverbial hand gesture towards its competitors who have all been going for “monstrous” screen sizes.

More pixels

The move towards a ‘gigantic’ screen – by iPhone standards – might be hogging the headlines but as a result Apple would have to modify the pixels in accordance with the new screen. The previous 960 x 640 would fall short by a good many numbers to satisfy the requirements of the 4.6-inch display and hence, it is inevitable that the new iPhone would feature significantly more pixels. The need for new pixels has been clarified by John Gruber on his blog Daring Fireball.

Nano SIM card

While the larger display has been the most exciting of the potential changes in the next iPhone, Apple has gone down the other end of the size spectrum with the SIM size. The talk of an integrated SIM has long been churned by the rumor mill, and with the integrated SIM option one can buy the mobile from Apple and ask them for your preferred carrier.

Retina display

Along the iPad lines, iPhone 5 is set to have an amazingly sharp ‘retina’ display as quoted by the Maeil Business Newspaper of South Korea, who in turn have cited an unnamed “industry source”. This might help tone down the skepticism regarding the screen size, with quite a few posing the “if ain’t broke why fix it?” question.

Quad-core processor

It is expected that the current dual-core chip in the iPhone 4S would be replaced by a quad-core processor. This move has a flipside as well since Apple has a drain issue with its phones and the quad-core processor – despite providing more kick to the new phone – would also need significantly more battery power.

iOS 6

After Siri and iCloud proved to be blockbuster successes from iPhone 4S, Apple looks all set to go down the same lane and come up with another software for the latest launch. Hence, following iOS 5.1, iPhone 5 could potentially have iOS 6 to pep up the latest launch.

No storage jump

Despite the multitude of upgrades, the jump of the storage capacity – from the current 64 GB to the forecasted 128 GB – doesn’t seem like happening this time round. But then gain there’s always next time…

Every move has its supporters and also its skeptics. Nonetheless, the general consensus is that if Apple manages to incorporate the new features, the company might just end up redefining the term that it scribed last year: technological marvel.

Author Bio : Jane Andrew is the author of iPhone spyware and cell phone monitoring software technology. She provides tips, tricks and news about PC monitoring and mobile spy apps. You can also follow her on Twitter @janeandrew01 to get the latest tips.