J.P. Morgan analyst Mark Moskowitz expects that two new iPhones will launch this fall, with the iPad 3 delayed into 2012. This speculations comes from conversations with industry insiders and was detailed in a note to clients, according to reports. The iPhone 5 is reported to sport a lighter, thinner form factor as well as packing a larger display and an 8-megapixel camera. It is also rumored to be both GSM and CDMA-capable, making it a "world-mode" smartphone. It is expected to not include LTE connectivity.
The second rumored phone is reportedly going to be the iPhone 4-plus and will launch alongside the iPhone 5. The iPhone 4-plus is based on the current-generation iPhone but will feature a few improvements. This handset could target the mainstream price point and focus on the China market, but it's reported to not be exclusive to that region.
The iPad 3 is said to be delayed until 2012, mostly because Apple is currently dominating the tablet market. While they're ahead, why not push further? Why wait just because you "dominate" the market. The iPhone market will only peak with Android phones coming in from left, right and centre. These lawsuits against Samsung aren't doing Apple any favours.