You could be able to grab the next-generation iPhone possibly this summer! Apple has recently unveiled the third version of its iPhone software - iPhone OS update 3.0, which certainly indicates new iPhone!

Since Apple has unveiled iPhone OS update 3.0, the Silicon Valley rumor mills are hotly circulating the reports that the company is working to bring out next-generation iPhone based on the new software. According to reports, Apple is gearing up for the summer launch of its new iPhone.

According to a report, the next-generation iPhone is expected to be released on the market around the middle of the year, possibly in June. The next-generation iPhone will come equipped with faster networking chips.

The report, however, has not made it clear whether Apple will upgrade the next-generation iPhone to 802.11n Wi-Fi, or the new iPhone will come with an upgraded 3G chipset designed to take advantage of faster 3G networks being tested by AT&T.

According to analysts, next-generation iPhone, with faster networking capabilities (if rumors come true) will offer users much faster access to internet, social-networking sites, and emails to friends.

Well, with the unveiling of iPhone OS update 3.0, one thing is certain that Apple will bring out its next-generation iPhone, but no one exactly knows when; no one really knows what new features the Apple's next-generation iPhone will have. So, the people looking to know more about Apple's next-generation iPhone will have to wait until June.