According To  Bloomberg reports that the next-generation of iPhone (iPhone 5 / 4S) will feature A5 dual core processor which currently included in iPad 2. Sources also claimed that iPhone 5 / 4S will support 8-megapixel camera.

The report also claims that the “more advanced camera” will feature an 8-megapixel sensor, something that Sony’s Howard Stringer had said earlier this year. It’s an increase from what is currently used in the iPhone 4, which is a 5-megapixel camera. Similarly there have been previous reports have an 8-megapixel camera throughout this year.

Something interesting came at the end of Bloomberg report, that Apple is working to finish a cheaper version of iPhone that would be targeted to developing countries which would use similar chips to what are included in current iPhohne 4 but it may be smaller in size.
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