While Apple hasn't confirmed the features of the new iPhone, that hasn't stopped bloggers around the web from guessing what may be inside the latest model.
Among the predictions are a larger screen, smaller design and perhaps an aluminum case. Current iPhone owners looking to upgrade may have to buy all new accessories as well, as Apple may shrink the connector, making current accessories incompatible with the iPhone 5, according to Reuters.
Perhaps the coolest new feature would be "near field communication," meaning you'll be able to bump your iPhone with another iPhone to transfer data like pictures and video, or even use it to make transactions.
Analysts also say to expect the iPhone 5 to be released sometime in September or October.