Analyst Ming-Chi Kuo with Concord Securities has told clients in a note -- as reported by "AppleInsider" (http://www.appleinsider.com) -- that the iPhone 5 will feature "slight modifications" from its predecessor, including an 8-megapixel rear camera and a Qualcomm baseband for both GSM and CDMA models, and will go into production in September.

Quoting supply chain sources, Kuo has heard that the next version of the Apple smartphone will include the faster A5 processor already found in the iPad 2, as well as a higher resolution 8-megapixel rear camera. He has also been told that Apple will switch to a Qualcomm baseband for both GSM and CDMA models, along with an improved antenna design.

Kuo thinks the iPhone 5 will go into trial production in August and mass production in September, allowing Apple to reach shipment volumes of between 28 million and 32 million units this year That would align with previous reports that have indicated Apple plans to make its new iPhone available for sale later than usual this year, likely in Apple's next fiscal year beginning in October, notes "AppleInsider."