Hey iPhone fans, here comes the latest rumors about the upcoming Apple iPhone. According to the report the new iPhone will be announced at the WWDC and will come with OLED display and a glowing Apple logo behind and it will be launched in July17. Here are the rumored specs:

• 32GB and 16GB storage (up from the current 16GB and 8GB models)
• $199 and $299 price points to be maintained
• 3.2-megapixel camera (up from the current 2-megapixel camera)
• Video-recording and editing capabilities
• Ability to send a picture & video via MMS
• Discontinuation of the metal band surrounding the edge of the device
• OLED screen
• 1.5 times the battery life of the current models
• Double the RAM and processing power
• Built-in FM transmitter
• Apple logo on back will glow
• Rubber-tread backing
• Sleeker design
• Built-in compass
• The camera, GPS, compass and Google map combined will identify photo and inform about photo locations
• Turn-by-turn directions

[via Engadget]