Rumors of what will be in the 3rd generation iPhone have renewed. This time, a source claiming to be close to Apple’s iPhone Development team gave us more details about the specs. They are inline with what we reported earlier.

  • 32GB and 16GB to replace current capacities
  • $199 and $299 price-points to be maintained
  • 3.2 Megapixel camera
  • Video recording & editing capabilities
  • Ability to send a picture & video via MMS
  • Discontinuation of the metal band surrounding the edge of the device
  • OLED screen
  • 1.5X The battery life
  • Double the RAM and processing power
  • Built-in FM transmitter
  • Apple logo on the back to light up
  • Rubber-tread backing
  • Sleeker design
  • Built-in compass
  • Turn-by-turn directions
  • Revolutionary combination of the camera, GPS, compass, and Google maps to identify photo and inform about photo locations.

Release date is rumored to be July 17, 2009.

Our Thoughts

We think the specs are probably legit. It makes for a reasonable upgrade to the 2nd generation iPhone, and there is no reason for Apple to have a big hardware overhaul at the moment. As we have stated in the past, Apple needs to make sure they maintain their large software ecosystem, and changing things like screen size or resolution would wreak havoc to the developer community.

We are the most excited about the bolded items. Video recording will be great and a boon for YouTube. Too bad it won’t be HD quality (we have come to love the Flip pocketsize camcorder). OLED screen promises a much vibrant and beautiful display. Better battery life is sorely needed as we can’t even turn on auto mail fetch at the moment because it drains the battery too much. Finally, the second last bullet point is similar to Nokia’s point-and-find service. Depending on the implementation, we think it has HUGE potential, as it can act as a bridge from the physical world to the digital world.

Update: In case you are still skeptical about whether there will be a iPhone 3.0 hardware at all, you can see what New Zealand Telco has to say.

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