Well, while we are waiting for the most anticipated device in 2011 the iPhone 5, we collected all rumors concerning with iPhone 5 specification and features. These rumors were collected from some giant blogs which have a good track record on Apple hardware rumors and releases.

iPhone 5 Specifications and Features ( rumors ) :

Every day we read a lot of rumors regarding iPhone 5 specifications / features, but here's an important thing you have to know, credibility of iPhone 5 specifications rumors are varying between low, medium, and high. However, we concentrated in this article between the medium and high ones.

iPhone 5 Specifications / Features with infographic :

French site has collected some of these rumors in an amazing infographic with their likelyhood, however this infographic should be updated as theirs some of iPhone 5 specifications / features has been confirmed after last Apple's WWDC.

What is iPhone 5 specifications and features :

Processor : 1.4GHz A5 dual core processor (Which means that iPhone 5 will be 60% faster that iPhone 4's A4 processor. A5 processor is already exist on iPad 2. This will be very crazy ;))

Ram : 1 GB

Storage Memory : 32GB/64GB

Screen Size: 4 OLED Screen

Resolution : 960 X 640 (iPhone 5 will feature 4" retina high resolution display. For who don't know, iPhone 4 has 3.5" display.)

Connectivity : WiFi/UMTS/HSDPA/HSUPA/3G/HSPA+/4G, GSM, Bluetooth. 1xEV-DO (Supported in Verizon Version)

Camera: 8 Megapixel Autofocus with dual LED flash light (iPhone 5 will sport 8-megapixel camera with dual LED flash, you will be able to record HD videos with iPhone 5's amazing camera.)

Video Record: 1080p HD at 25fps/720p at 30fps

Weight : 4.2 ounces

Size : 4.82 x 2.53 x 0.34

Battery life: 8 Hr over 4G and 13Hr over 3G/12 Hr Web

Standby time : 420 hours

Away from iPhone 5 specifications, it's important to talk about iPhone 5 release. According to recent rumors, Apple has reportedly placed orders for 10 million units of its next-generation iPhone 5 smartphone with Taiwan-based manufacturer Pegatron Technology, with shipments expected to start in September. A lot of experts expected that iPhone 5 will increase Apple's share in smartphones market.

Pegatron Technology has landed orders for 10 million units of iPhone 5 to become the second ODM of the smartphone. Shipments will start in September, according to industry sources.

As iPhone gross margins are relatively small, Pegatron aims to compete for orders for iPad, MacBook Air and other Apple products and has increased production equipment and employment, the sources said.

For 2012, Pegatron expects to obtain ODM orders for 8-10 million notebooks form Acer, the sources noted.

So, what is your impression about iPhone 5, will you buy it ? about me i can't hardly wait for the release date, so let's wait and see.