What will the iPhone be and what won’t it be? (Chris Ratcliffe/BLOOMBERG)

The iPhone 5 vs. the iPhone 4S: There’s been a lot of back and forth about just what Apple is launching next — is it a refreshed iPhone 4 or a full-blown iPhone 5? The latest report from Reuters suggests that it’s both.

The report, published Tuesday, indicates that Apple is going to roll out a cheaper, 8GB iPhone 4 at the same time it launches the iPhone 5.

Apple COO Tim Cook (acting as chief executive while Steve Jobs is out on medical leave) has said that Apple is looking to expand the market of the iPhone to a cheaper market.

LTE?: Another persistent rumor seemed to flag this week — that the next iPhone would be LTE. Apple’s pretty careful about adopting new tech, particularly when LTE isn’t rolled out to much of the country quite yet.

Instead of LTE, however, TechCrunch reported that an app developer found testing logs that indicate someone is experimenting with a new Apple device that runs on both GSM and CDMA networks — or, on both AT&T and Verizon.

The result would be a true “world phone” that’s capable of running on most networks around the globe.

Coming to Sprint: The hottest new rumor is that Sprint is landing the iPhone this fall,.The Wall Street Journal reported Tuesday that Sprint is getting the iPhone this October. Citing unnamed “people familiar with the matter,” the report says that the company will also begin carrying the iPhone 4 at the same time.

A Sprint spokesman declined to comment on the report.

New components: Images of a battery, back-camera lens and headphone/earphone jack labeled as being part of the “iPhone 5” were spotted by MacRumors on the site of iPhone component supplier TVC Mall this Monday.

MacRumors compared the new components to their iPhone 4 counterparts, finding there were few significant differences.

Some had speculated that Apple was going to further separate the lens and flash to prevent light from the flash leaking over to obscured pictures, but that doesn’t appear to be the case if the parts are legitimate. So far, we haven’t seen any hardware that makes it seem as if the speculation — tipped off by Sony CEO Howard Stringer — that the next phone will have an 8MP camera.

Spotted in the wild: A tipster sent 9 to 5 Mac, pictures of a man hunched over a strange-looking Apple-branded phone. The phone was curved or tapered and had a black glass or black plastic back. The San Francisco-based tipster said that the phone would fit in the possible iPhone 5 cases the site had posted before, which added to speculation that the new phone will have a tapered body.

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