Apple iphone 5 rumors have captured the minds and hearts of all of us. Now the recent rumor suggests that the iphone 5,will now be announced in August at an Apple event as an upgraded iphone 4 with an entirely new design.Apple have already broken its tradition by not announcing its new iphone, iphone 4s or iphone 5 at its World Wide Developers Conference earlier in this month. Now according to Boy Genius Report,which has a good track record with Apple rumors, Apple’s next generation iphone, iphone 5, won’t be a minor hardware refresh. The BGR report suggests that a source close to Apple’s operations has confirmed the next generation iphone, iphone 5, will be completely re-designed, which BGR calls a “radical” change.

Occasionally a quiet word can be heard from someone who shouldn’t be talking and you sit up to listen. In this case Bloomberg has spoken with two inside sources that can’t be named.The device will include the A5 processor, the more powerful chip that Apple added to the iPad 2 earlier this year, along with an 8-megapixel camera, up from the 5-megapixel model in the iPhone 4, said the people, who asked not to be identified because the details aren’t public. Apple is also testing a new version of the iPad that has a higher resolution screen, similar to the one now used in the iPhone 4, one of the people said.The new iPhone will closely resemble the iPhone 4, the people said.

Boy Genius Report also claims that the iphone 5 could be announced in August, with a release a few weeks later.

Here is how the post at BGR reads:

According to our source, Apple may hold an event in the beginning or middle of August to announce the new iphone, with availability to follow in the last week of August. We’re not sure if that means the iPod event will be moved up slightly, or if this will be an iphone-specific event.

Source: BGR , iphone5gblog