Originally the rumours were for an April 2011 release, now some sites are reporting a July release for an iPhone that will not look that different to and iPhone 4 - an iPhone 4S if you will - that will have some added capacity and a northern Spring release date in 2012 for an even newer version - an iPhone 5.
The word is that the new iPhone will include an 8-megapixel rear camera and both CDMA and GSM radios, making it a world phone.
Appleinsider also reports:
As for the SIM-less design, last week the CEO of carrier Orange said that Apple will introduce a new, smaller and thinner SIM card in its next-generation iPhone. There were reports last year that Apple was working on an embedded SIM design that would allow users to select a carrier and service plan directly from their iPhone, but it was claimed that those plans upset carriers who felt they could be marginalized by such a move.The most revealing thing in this, is that it is possible to design a phone that doesn't need one of those pesky miniture SIM's that are impossible to remove without damaging them or your manicure.