iPhone 5: Release Date and Specifications

I don't own an iPhone yet. I was planning to have one. But then a thought crossed my mind. What if Apple guys decide to launch iPhone 5?

For sure, its going to be very expensive and I don't want to spend too much more money for some stupid features that I am seldom going to use if I ever use. Then why should I wait for the release date of iPhone 5?

Obviously, if they release iPhone 5 then iPhone 4S is going to get cheaper. Now for 16GB iPhone 4S it costs $649 if you want it contract free. However, with 2 years contract network carriers like att&t, sprint and verizon provide it for a price of $199. Well I don't mind going for a contract for 2 years as long as the phone works enough for me. I think 4S will be fine for 2 years. Then should I go now?

Release Date:
I don't want to blame myself if they release their iPhone in next couple of weeks. But are they going to release it so soon? Although we all expected it to be released on october 2011, we now hear that they are going to release it in mid summer 2012. Some say it might not be released till late 2012.



Specifications:
But whats going to be there in iphone 5?
1) A bigger Screen
2) A quad core chip
3) 4G/LTE support
4) A white glass?
5) More memory
6) More storage
7) NFC technology: a digital wallet
8) Higher mega pixel camera
9) and some surprise atleast with the apps.

Well guys, don't get too excited. These are just the rumours. We don't know for sure what they are working upon.