Can't wait for the iPhone 5? Here are some early details

Also: here’s why the iPhone 5′s release was delayed until September…

Published in full with permission from Business Insider

BLOOMBERG HAS dug up some new details on the iPhone 5, which it says is coming in September. Some of them are already out there:

The iPhone 5 will include a faster chip, the A5, that Apple is using with the iPad 2

The camera resolution will improve to 8 megapixels, from 5 megapixels

The iPhone 5 release was delayed until September to wait for the iOS 5 release. (This is the first time we have heard an explanation for this delay.)

Apple is developing a cheaper “low-end” iPhone for developing countries that will be similar to today’s iPhone 4. This will help the company compete with the Android onslaught.

The iPad 3, meanwhile, will likely have better screen resolution and a more responsive touchscreen.

IDC is projecting that Android will have more than twice the global market share as the iPhone by the end of the year: 40 per cent for Android versus 18 per cent for iPhone. This makes the cheaper iPhone even more important.

Read: Steve Jobs unveils new operations systems for Mac and iPhone – and ambitious new ‘iCloud’ >

Read: Apple patent proposes banning iPhone from filming concerts and sports events >

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