According to the report, a person who saw a prototype of the new iPhone said “the device was significantly lighter than the iPhone 4 and had an edge-to-edge screen that could be manipulated by touch, as well as a virtual keyboard and voice-based navigation.” The said smartphone is intended to be released this summer, though those plans could change.
The new products are the top priorities of Apple Chief Executive Steve Job. Despite being on medical leave, Jobs has been closely involved in the development efforts.
Obviously, Apple will compete with mid-range Android Powered Smartphone. Although these development takes time to reach us, but still good to know and worth the wait.

For real???? the size looks funny lol
The size was said to be 3/4 of the size of the current IPhone…