At first it was said that there will be a new iPhone which will be iPhone 5 with faster processor and alot of new features and obviously a new iOS which will be iOS 5. iOS 5 is set to be demoed at WWDC this summer. According to 9to5mac, Apple is working on a new iPhone which is said to be iPhone 4s like iPhone 3G and iPhone 3GS.

They already have select developers working on versions of their iPhone applications that take full advantage of the next-generation iPhone’s speedier and much more powerful hardware. These developers, seemingly from high-level gaming outfits, have been given what is essentially an iPhone 4 but with an A5 processor instead of an A4. The device itself is virtually identical to the iPhone 4, and there is no way anyone can tell it’s not an iPhone 4 based on the phone’s exterior.

The person who chose to share this information with us calls it the ‘iPhone 4S’, though the device itself only has typical Apple prototype nomenclature. He also shared that the device spends its evenings in a safe in the company’s offices.

The experience of the A5 processor is totally different from the current A4 chips. This can be understood by only those who got an iPad 2.The A5 processor on iPad 2 is Dual-Core and faster and provides a better gaming.

iPone 4s is said to be using the modified version of iOS 4. Till now no more news is reported on iPhone 4s. As soon as we hear any thing we will post it up.