The New iPad, as it was referred to by Apple officials in Wednesday’s unveiling event at San Francisco, will be available in stores starting Friday, March 16, and as was the case with previous iPads, is expected to preserve Apple’s dominance. After all, with LTE (4G Long-Term Evolution) support, “Retina” display (in layman’s terms, it’s the best kind of HD display available) and an enhanced dual-core CPU, the slate has been improved sufficiently enough to ensure Apple continues ruling the tablet market.

What does this mean for the iPhone 5?

According to Barclays Hong Kong analyst Kirk Yang, the iPhone 5 (or “New iPhone?”) may follow in the footsteps of the New iPad and enjoy a grand launch appropriate for its many interesting new features.  But what are these features?

According to Yang, who shared his predictions to Bloomberg shortly after the iPad unveil, the fact that the New iPad will feature Retina display may mean a similar display quality for the iPhone 5. Some outrageous rumors are tipping a 367ppi, 1280 x 720 HD screen for the iPhone, but presently the more reliable ones suggest a 4-inch LED curved display at the very most.

Furthermore, the iPhone 5’s launch may also see the long-awaited debut of the A6 system-on-a-chip, initially expected to launch with the New iPad. This A6 chipset would be a quad-core, as opposed to the improved dual-core A5X found on the iPad.

Apart from Retina display and an A6 processor, the iPhone 5 may likely include support for 4G LTE and NFC (near-field communication), may have an improved camera and maybe even iOS 6.0.

Since recent reports are predicting a Fall 2012 launch for the iPhone 5, we have quite a while to separate the facts from the fallacies with regards to the above rumors and others.