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Features

It's almost a certainty at this point that the next iPhone will run on Long Term Evolution (LTE), or 4G high-speed networks from AT&T ( T) and Verizon ( VZ). This will allow the next-gen phone to consume data at a faster speed and make the browsing and data consumption experience all that more enjoyable.

Usage of LTE has shown battery life to decrease. Apple acknowledged that in its new iPad, when it said the battery would last nine hours on LTE, as opposed to 10 otherwise. Apple could improve the battery life in the new iPhone, as Capital Advisors' Smith suggested.

Given Apple's long-standing relationship with Qualcomm ( QCOM), there is a strong possibility that a Qualcomm chip could be powering the 4G capabilities of the phone. Qualcomm chips feature predominantly throughout the previous versions of iPhones and iPads.

Another major feature which Apple could introduce is Near-Field Communications. Apple started to open up the possibility and potential for the iPhone becoming a "digital wallet" when it announced Passbook, as part of iOS 6, its new mobile operating system.

The Digital Wallet's Future is Now

Passbook is a location-aware app that lets users put their discount cards, gift cards, movie tickets and boarding passes into one app. Apple was recently awarded a patent for Passbook that could expand its uses, and move Apple towards the digital wallet.

Apple's mobile operating system will have more than 200 new features, including Passbook, enhanced support for Siri, as well as Apple Maps, as it removes Google ( GOOG) Maps from the phone. There will also be heavy integration with Facebook ( FB), which the company announced at its recent Worldwide Developers Conference.

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