The pace of Apple Inc.'s (AAPL) iPhone launches has slowed, as June is expected to come and go with no new iPhone.  Though Apple fans have the new white iPhone and a new U.S. carrier -- Verizon Communications, Inc. (VZ) -- to comfort themselves with, analysts still pointed to the lack a new model as a major issue affecting the company's stock.

Still, the fifth generation iPhone (which some say will actually be named the iPhone 4GS, rather than the iPhone 5), codenamed "Telluride", will launch within three months according to Bloomberg.

The September iPhone will bring with it a new dual-core CPU, the same Apple A5 processor found in the iPad 2 (though it may be underclocked to conserve battery life).  Bloomberg contradicts previous reports saying its sources close to Apple are saying that their will be a 8 megapixel image sensor for the rear camera (previous reports suggested the phone would retain its 5 MP sensor).

The sources at Apple suggest that the phone will look a lot like the current iPhone.

Framington, Mass.-based research firm IDC says that despite introducing new models every year, Apple is having trouble keeping up with Google Inc.'s (GOOG) Android operating system and wealth of hardware partners.  It estimates that Apple will hold an 18.5 percent market share at the end of 2011, while Google will have 38.9 percent of the market -- over twice as much.  

The race between Android and the iPhone is increasingly looking like the 80s and 90s race between the Mac and the Windows PC -- and we all know how that turned out.  That's rough news for Apple, which currently gets half its revenue from the iPhone.

The launch of the fifth gen. iPhone will also correspond with the launch iOS 5.  One key advance in the new operating system will be the introduction of over-the-air (OTA) updates, a feature long supported by Android.  Other reports indicate that the new iPhone may grace the Sprint Nextel Corp. (S) or Deutsche Telekom AG's (DTE) T-Mobile network in the U.S.

In related news, Bloomberg also claimed that its sources delivered information on two other pending Apple gadgets.  One will be a low-priced, smaller version of the iPhone, based on the hardware of the iPhone 4.  That device will be aimed at developing countries -- an area where struggling Finnish phone maker Nokia Oyj. (HEL:NOK1V) has traditionally dominated.

A new iPad is also rumored to be coming, which uses a scaled up version of the "Retina Display" found in the iPhone 4.  The device would boost about a third higher screen resolution and would include a more responsive touch layer.

It is rumored that Apple is planning to bump up the launch of the sixth generation iPhone to Spring 2012.  Possibly named the "iPhone 5" (assuming the "iPhone 4 GS" rumor holds true), the phone is expected to deliver a major hardware update, along the lines of the update in the fourth generation.

DailyTech recently spoke to a former Apple executive who disclosed that the company is hoping to release iOS-powered LCD television sets sometime late this year or early next year, as well.