Earlier rumors suggested that iPhone 5 will actually come with a global support which means it will have both GSM and CDMA radios. The rumor had its basis in the Qualcomm Gobi cellular/data chipset which was found included in the Verizon iPhone 4 when it was taken to pieces.
The chip wasn’t there for no reason after all. As thought, Apple iPhone 5 will also be equipped with this chip which will be world phone, executive at Verizon confirmed. That might be a good news for the users but for carriers, its a bad bad news because an iPhone bought from Verizon would work on AT&T and vice versa. That will give flexibility to users and carriers will not be happy.
Apple iPhone 5 is likely to hit markets in September with 8 or 12.6 megapixel camera and a dual core processor.