Rumors about the upcoming Apple iPhone's next flagship model are all the rage in the mobile space. All the tech-forward consumers are hoping to get their hands on the next-big-thing as soon as it hits store shelves.

Apple's next moves are a guessing game full of speculation and rumor leading to some surmise features that are just plain crazy and others which seem more likely. In either case, consumers are clamoring for information on what they should expect from Apple and Samsung next-gen biggies would appear like, when they are finally unwrapped.

With that in mind, here is a quick cheat sheet taking a look at rumors swirling about the iPhone 5 that deserve the most attention. Will they all come true? As with other products in the market by this tech giant, it is impossible to know for sure. But one thing is certain, if iPhone 5 do come with these features, this will be highly desirable on the open market.

Rumor No. 1

iPhone 5 Might Come This Fall

There had been lot of speculations about the launch date of the sixth generation iPhone from Apple. Out of which, the latest speculation about the release of the supposed iPhone 5 has that Apple will unveil its fabled phone either in June or in October. Numerous reports in the past that mentioned that iPhone would be released sometime in June, especially the last day of Worldwide Developers Conference (June 15).

Consequently, a report by Macotakara, a Japanese website also suggested the same, when they said that a Foxconn recruiter revealed during a conversation on TV Tokyo's "World Business Satellite" (WBS) show that the company was hiring about 18,000 people to manufacture the iPhone 5 which would be sold in June.

However, a recent report contradicted the past report stating that another Foxconn employee showed up and said that the next iPhone would be unveiled in October. According to South Korea's Maeil Business Newspaper reports, an employee at Foxconn's Taiyuan factory informed that they have got the order for the iPhone 5 and it would be released around October.

Further, the same report also mentioned that with the confirmation of the next iPhone order, Foxconn has started a massive recruitment drive, in an attempt to have enough workers on the deck to meet the Apple's release which is scheduled for October.

Apple unveiled the first generation iPhone in June 2007. Same was the case with its successor, iPhone 3G, a year later. Then again the company stuck to June with the release of iPhone 3GS in 2009 and the iPhone 4 in 2010. However, a year later, came the major exception, the iPhone 4S, hitting the stores in October, last year. However, there is still no clue as to when iPhone 5 would hit the market though following the iPhone 4S, the October launch sounds more logical than a June launch.

Rumor No. 2

iPhone 5 To Feature Wireless Headset With A Built-In MP3

A recent Apple patent filing outlines a plan for a wireless headset, complete with built-in mp3 player. Could this also become the proprietary headset for the iPhone 5?

A report by Computerworld highlighted about a recent patent filing by Apple for a wireless headset with integrated media player. The new headset is said to combine the iPod shuffle's music-playback feature with Bluetooth technology, and it could become a kind of proprietary headset for the next iPhone.

The report explained that the new device could be more than an iPod Shuffle as with an integrated headset there could be also an inclusion of a microphone, as well as the ability to listen to voice messages giving a hybrid outlook to the headset/media player. Computerworld blogger Jonny Evans wrote that this is particularly significant since there are about 316 million iOS devices in use worldwide.

The report also suggested that the headset could become an integral component of the iPhone 5 as the patent noted a function allowing users to record phone conversation when connected to a device, further it also indicated that the headset might be geared towards an iPhone connection.

Rumor No. 3

iPhone to Debut With 1GB RAM, A5X Variant

Regarding the latest news on the processor of the next gen iPhone 5, a recent report by 9to5mac stated, that‎ Apple has internally seeded a prototype next-generation iPhone with the iPhone 4 design. The actual next-generation iPhone is specifically said not to include the iPhone 4/4S design, but Apple is testing these new devices in older casings to throw off leaks.

The purpose of the prototype iPhone was reported to be able to test a variation of the A5X's S5L8945X chip in an iPhone. Like the A5X-powered iPad, these new iPhone prototypes are packing 1GB of RAM. This prototype is labeled N96 internally, but if the same codename will carry on the actual phone is still unconfirmed

Earlier reports suggested that the sixth generation iPhone would feature an A6 processor. It was expected to be a superfast 1.2 to 1.5 GHz processor with 1GB or more of RAM to offer amazing processing capabilities to the smartphone.

Rumor No. 4

iPhone 5 to boast a 4-inch Screen

According to a recent report by analyst Brian White of Topeka Capital Markets, the next iPhone will have a larger, 4-inch display and a brand new design.

"This new, sleek look will be the most important reason that consumers decide to upgrade to the iPhone 5, while we believe the addition of 4G will also attract buyers of the new device," White wrote to his clients.

Contrary to this, earlier reports had mentioned that the iPhone 5 would  come with a large 4.6-inch or a 3.5-inch screen. Some other sources also said that the device would sport Quantum Dot LED curved glass edge-to-edge display with 1280 x 720 resolutions (367ppi).

Rumor No. 5

iPhone 5 to feature Universal Remote Control

According to a report in the recent past from Patently Apple, it was hinted that the company is looking to offer the universal remote control feature to iPhones and possibly iPads.

The team from Patently Apple described how the new patent once integrated in the next generation iPads and iPhones would work by using the iCloud technology and also implied that Apple is working secretly to offer their iOS fans with the technology integrated in the next iPhone.

Other Features of Apple's iPhone 5 -

As far as the other likely features are concerned, the Apple's upcoming iPhone model would include: