Rumor has it (according to Bloomberg), Apple is planning to introduce a new iPhone in early September, which will possess features like the A5 processor (recently added to the iPad2 firmware), an 8-megapixel camera, as well as improved messaging and photo-sharing. It’s also been said that Apple is currently testing a newer iPad model with a higher screen resolution and more responsive touchscreen, plus a cheaper iPhone version targeted at developing countries.

If these speculations are proven true, Singapore can expect a release at the end of the year.

Are you excited? Skeptical? Send us your comments!

Not a fan of the iPhone? See what your other options are in our Tech Guide 2011.