Bloomberg has backed up rumors from the past few months and says that Apple’s fifth-generation iPhone will debut in September and feature the dual core A5 system on a chip found in the iPad 2. The report also says that the “iPhone 5” will feature an 8MP camera, up from the 5 megapixels in the iPhone 4. The new phone is also said to look like the iPhone 4 – backing up past reports and squashing this morning’s rumors. In addition, the report says that the next version of the iPad will feature a higher-resolution display – about 1/3 higher in resolution and more responsive.

Bloomberg’s claims are not all that revolutionary with 9to5Mac exclusively reporting in April that Apple was deploying prototype next-generation iPhones with the A5 CPU. We also reported that Apple’s next smartphone would feature an 8MP camera, based on comments from Sony’s CEO and past analyst information. Additionally, independent sources told us that development of the next-generation iPhone is moving along as planned and will make its way to the hands of consumers in September of this year.

The iPad 3 has long been rumored to feature a higher resolution display. Bloomberg says the display will be 1/3 higher in resolution, which sounds odd given application and graphical interface formatting. If Apple does go higher-res for iPad 3, it will likely be the full Retina treatment. – like on the iPhone 4 and fourth generation iPod touch. In the iPad’s case, this display will become 2048 x 1536 from the iPad 1 and iPad 2’s 1024 x 768 screen resolution. Graphics were recently found in an iOS 5-exclusive frameworks API that referenced an iPad with a Retina Display.

Although this was not reported by Bloomberg, the next generation iPhone is expected to pack a new cellular chip that can support both GSM and CDMA networks. In the case of the United States, this new phone can either connect to AT&T or Verizon networks. This functionality comes from the Qualcomm Gobi chip, which we exclusively revealed was packed into the Verizon iPhone 4. The new iPhone will also come preloaded with iOS 5, which features Notification Center, new camera features, Twitter integration, iCloud support, an updated mail application, a location-based reminders application, iMessages, and much more.

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