Now that iPad launch is nearly here, iPhone rumors are taking the front stage. The Wall Street Journal today reported that Apple is developing two versions of next generation iPhone, one GSM based (for AT&T) and one CDMA based (for Verizon). Both versions will be thinner and faster than present iPhone 3GS. The GSM version will follow the yearly update cycle and will be launched this summer. Whereas the production of CDMA version will start in September and it will ship later this year.
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