"iPhone 5" rendering  (Source:
Next generation iPhone is fast approaching

Apple has confirmed that the next generation iPhone will be announced next Wednesday at 1pm EST. Interestingly, the number "5" is shown prominently even though this would mark the sixth generation iPhone.
Considering that the third generation iPad was called the "New iPad", we were expecting the next generation iPhone to simply be called the "New iPhone".
Regardless of whatever the new iPhone is called, it's widely expected that the new iPhone will feature a 4" (640x1136) display, unibody construction, a smaller dock connector, redesigned earbuds, and a thinner profile.

Source: Engadget

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