If I will say that Apple is the most expensive brand in the mobile world than I will not be wrong. But still everyone wants to have Apple iPhone at every cost because of its unique design, elegance, applications and features. iPhone models don’t come frequently but still iPhone is the favorite of all. Apple iPhone 5 is in limelight these days. Everyone is asking when will it come? Will it be more advanced as compared with iPhone4s? What will be the features? What will be new in it? Will it cope the drawbacks that iPhone4s was having? There are hundreds of questions that are asked or searched daily. But asusal Apple is not giving any detail of the new model release or specs. We all know that Apple operates under a tight cone of silence and leaks are very rare. Lots of rumors are in air regarding the release date of the iPhone 5. Here are few famous rumors that are everywhere. Most of the blogs and sites are saying that it will come in 2012. First it was said that it will get release in June. But it was wrong as it is June and iPhone 5 is not released. Some are saying that it will come in October. Let’s see will it come true or not. Regarding specification of the iPhone 5 it is said that it will have a 4- inch screen. It will be only 7.9mm thick. The reason for increasing the screen size is that Apple is trying to support the tablet PC. It will have a curved screen and for this purpose Apple has bought 250-300 special glass cutting machines. These machines are very expensive and are not affordable for any mobile company. It will be incased in a special material that is called a ‘liquidmetal’. Google Wallet mobile payment platform will be in it that is the most new and desirable feature in any phone. One of the confirmed sources reinforced the idea NFC in iPhone 5. It will have 8MP camera in it that will be again from Sony as that of iPhone 4S camera. The price of it will be around $500-$800. As it will be new and will definitely have more features are compared with iPhone 4S so the price will be unquestionably high. As one of the most annoying drawbacks of the iPhone is low battery life so it is also said that Apple will cope this problem in iPhone 5. It is good if iPhone 5 will have a long battery life as rumors are saying because many people switch from iPhone to other mobiles because of this unavoidable problem. One report suggests that an advanced Wi-Fi chip will grant the iPhone 5 a generous boost to battery-life. People and sites are saying too much about iPhone 5 but no one has any authentic proof of his/her saying. It’s impossible to get the air free from the rumors and claptrap until the new model is released. So fingers crossed.