Report: iPhone 5 to accelerate data download speeds

When Apple's (NASDAQ:AAPL) iPhone 5 arrives this September, the updated device will boast a more powerful chip to accelerate data processing as well as a substantial camera upgrade.

The iPhone 5 reportedly will reportedly incorporate the Apple A5 processor, introduced in the company's iPad 2.

Citing two people familiar with Apple's plans, Bloomberg reports the iPhone 5 will incorporate the Apple A5 processor, introduced in the company's iPad 2 tablet earlier this year--the chip will improve data download speeds, with Apple touting a computer processing unit twice as powerful and a graphics processing unit up to nine times more powerful than the current Apple A4.

The iPhone 5 is additonally expected to feature an 8-megapixel camera, replacing the 5-megapixel model shipping on the current iPhone 4. Bloomberg adds that Apple is currently testing a new version of the iPad with a higher-resolution, more responsive touchscreen similar to the iPhone 4's. Also in the works: A cheaper, scaled-down iPhone targeting emerging markets.

Apple formally unveiled its iOS 5 mobile operating system revamp earlier this month, promising more than 200 new user features alongside 1500 new APIs for developer partners. Chief among the new additions: iMessage, a service that lets consumers send free text messages, photos and videos between iOS devices and PC Free, which enables users to activate and set up iOS devices out of the box and receive software updates over the air, with no conventional computer connection.

Bloomberg states that Apple pushed back the release of the iPhone 5 to September to coincide with iOS 5's autumn launch. Apple has not yet officially announced when the iPhone 5 will reach stores.

For more:
- read this Bloomberg article

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