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Many Apple users have been eager to swing both ways -- looking to try the pleasures of both GSM and CDMA. With the iPhone 5, Apple will finally fulfill their fantasy, giving it to users whichever way they desire.

Apple is reportedly preparing an 8 GB budget iPhone, as well.
A pair of new iPhone models are reportedly in the works

What's Apple, Inc. (AAPL) been up to?  That's a might find question as the trendy California gadget maker hasn't launched an all-new phone since June 2010 -- unless you count the white iPhone launch of April or the January launch of a CDMA iPhone 4 on Verizon Communications, Inc.'s (VZ) network.

Well Apple is rumored to have a couple tricks up its sleeve for its users.  According to a Bloomberg report, it's preparing to give users the chance to experience 3G action both ways -- on GSM and CDMA.

Previously iPhone subscribers had to choose which team they were playing for -- CDMA or GSM.  

Verizon iPhone 4 handsets come with a dual-mode chip, but don't contain the requisite antenna to experience some GSM love.  But according to TechCrunch, sources close to Apple have confirmed that the iPhone 5 -- rumored to launch in September alongside iOS 5 -- will be a true "world phone", capable of experiencing both the pleasures of GSM and CDMA.

The new phone will also reportedly eliminate the Intel Corp. (INTC) GSM modem, opting to go exclusively with dual-mode Qualcomm, Inc. (QCOM) chips. 

Amid its dual-mode love-fest Apple is reportedly suffering from flash shrinkage -- but that's a good thing.  Reuters says that Apple plans to launch a new iPhone 4 with 8 GB of flash.  The lower amount of NAND storage will allow Apple to offer the phone at a cheaper price, targeting emerging markets -- in other words, this may be the long rumored budget iPhone.

The new model is reportedly being manufactured by a South Korean company.  
Samsung Electronics Comp., Ltd.'s (SEO:005930) would seem a likely suspect as its already a parts supplier for Apple, but given the pair's rocky legal status [1][2], that's somewhat hard to imagine.

Reuters threw in its own two-cents about the iPhone 5, claiming that its sources indicated a launch near the end of September.  They say that the phone will feature an improved antenna (but no word on dual-mode), an 8-megapixel camera, and a larger LCD screen.

The site says that its sources indicate that the iPhone 5/iPhone 4S will be manufactured jointly by 
Taiwan's Hon Hai Precision Industry Co Ltd. (TPE:2317) (known for its Chinese laborer suicides [1][2][3]) and lesser known Taiwanese firm Pegatron Corp. (TPE:4938).





"We shipped it on Saturday. Then on Sunday, we rested." -- Steve Jobs on the iPad launch







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