Part of Apple’s success is the mysterious cloud they successfully place around their products – and the endless amount of rumors that fans and enemies alike spread. The newest rumor concerns the potential announcement of the iPhone 5 in August, and what it would actually bring to the table. Supposed upgrades include the camera changing from its current 5-megapixel in the iPhone 4 up to an 8-megapixel in the iPhone 5. The most anticipated upgrade will be the speculations that the new phone will include the a5 processor, which is the powerful chip added to the iPad 2 earlier this year.

In addition to the iPhone 5 rumors, there are also rumors of an iPhone Lite – which would be a lighter, thinner version of  the iPhone 4. The “iPhone Lite” could serve as a cheaper, entry-level smart phone giving Apple yet another edge over its competitors. But as all rumors, these have not been verified and only help to increase the mystery that is Apple.