Low production quantities of chipsets has Apple change plans for this year.
According to a report from Business Insider, Apple may in fact release a small update to the iPhone 4, calling it the iPhone 4S, after the Cupterinos were not able to get hold of enough quantities of chipsets needed to put the iPhone 5 in production.
The report says that Apple were ready work on the iPhone 5, however due to low availability of chipset quantities needed for the device, Apple changed plans and will now only release an incremental update to the iPhone 4.
The iPhone 4S will feature better cameras, dual core A5 processor and HSPA+ support. The report also claims that the phone is also expected to release with two new US carriers, namely Sprint and T-Mobile, along with the usual partners in crime AT&T and Verizon.
If the report is true, fans waiting for the next full update to the iPhone will have to hold off till summer of next year.